Get Shorty
February 25, 2008 – 11:18 am
It looks like we have reached an all time short interest level in the NYSE as of February 15. 14.4 Billion shares is the number of shares short on the NYSE, or 3.8% of the total shares outstanding. For those of you contrarian investors out there, this news should be revving up your bullish sentiments. This news isn’t really a surprise given all of the credit/energy/housing problems of late. In terms of the previously mentioned SPY triangle setup, this may bode well for an upside breakout, but we shall see.
