Mar. 3 at 12:36 AM
$RGBP
FINRA Short Volume of 10,875,412 for today was the highest short volume for RGBP dating back for the last 30 days.
And according to my Think or Swim volume by price data, there were:
8,859,349 shares traded at .001 today
1,839,504 traded at .0011
and 2,498,580 shares traded at .0012
So, with the majority of short volume most likely trading
at the low of the day at .001, it was probably almost all
short trades that were covering. And with the 52 week low
being .001 for RGBP over the last two weeks, it would make
sense that those were definitely short positions being covered. That is WHEN YOU COVER, when the stock is at the lowest possible price you are able cover your short position at. And then to close out the last part of the day there was
a surge of about 2.5 million shares traded at the .0012 ASK price. I was watching it. That very well could have been short
covering as well, when someone wasn't able to get any more
orders covered at .001. So, we may be breaking out higher this week.