Oct. 25 at 6:24 PM
$RECAF Sorry, I forgot to include this VERY important point in post below. As you can see, on my post of the Benzinga Short Interest report they claim the DTC is 7.8.
That number Is 100% Invalid because it is based on the assumption that the Shorts could buy 100% of all shares sold every single day. The first problem with that is that the majority of the shares being sold during that period have been sold by shorts and are filled with short shares.
Buy simply put, the average shares bought and used to cover the Short interest during the first 10 trading days of Oct. was 115,000 per day, if they could continue doing that, by dividing the remaining SI of 9,647,957 by 115,000 daily you see the REAL days to COVER would be 84 days.
That's certainly more than enough time to Squeeze the Shorts Real Good!