Assume that you are given the following information on the company Green Mountain regarding the short sales
Question:
Assume that you are given the following information on the company “Green Mountain”
regarding the short sales of its stock:
Shares shorted (000s): 9,184.5 Percent float: 49.4 Days to cover: 27 Average daily volume (000s): 346
a. How was the “days to cover” number derived?
b. What is the meaning of that number?
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Related Book For
Understanding Investments Theories And Strategies
ISBN: 9780367461904
2nd Edition
Authors: Nikiforos T. Laopodis
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