Look at the extraordinary volume of shares (>3x its avg daily vol) traded on CATM with the announcement of an acquisition said to be accretive to earnings. CATM has retaken its green line and is just short of its all-time high of 48.46. Its latest short ratio was around 15.
2 thoughts on “GLB: $CATM surges with acquisition and it retakes its green line”
Dr. Wish, can you comment as to how you find out about the short ratio and what that metric means specifically to you? Thanks, David
Short ratio appears in yahoo finance site under key statistics. It divides current short interest by average daily volume. It estimates how many days of trading it would take to cover all shares sold short.