CEI STOCK Latest Short Data: Why it’s selling off? Can it Squeeze today?
CEI Stock has been selling off recently, down 2% ($2.69 per share) trading below the VWAP indicator. The stock is selling due to the large volume of shares being sold/short. The overall stock market is in selling-off mode since it’s still September and a historic month of stock selling. The Fed chairman Jerome Hayden Powell and Secretary of the Treasury Janet Yellen being testified before Congress on the CARES Act, which makes the market fear the future economy.
The stock market has a history of recovery and with more than 400 million volume on CEI stock, it is attempting to recover and break the $3 price range. As of the publication of this article, there are only about 35,000 shares of CEI available to short and more than 400 million volume, it could potentially squeeze no matter of the overall market reaction.
CEI: SHORT DATA
|Short Interest||24,493,997 shares|
|Short Interest Ratio||0.12 Days to Cover|
|Short Interest % Float||23.51%|