While the short interest on the outstanding shares of Michael Saylor‘s Strategy Inc. (NASDAQ:MSTR) fell during its latest reporting period, implying a positive investor confidence, a mixed set of technical indicators highlighted the stock’s vulnerable position.
MSTR Short Interest Falls
The short interest on Strategy’s stock (formerly MicroStrategy) decreased during the last reporting period, falling from 24.01 million to 22.92 million shares. About 9.54% of the company’s publicly available shares were shorted as of the settlement date on Feb. 14, having an effective date of Feb. 26.
According to Nasdaq data, the short interest decreased by 4.53% from the previous settlement date of Jan. 31.
The average daily trading volume during the latest period increased from 18.10 million to 12.45 million shares. The volume indicated that it would require approximately 1.84 days for the short sellers to cover their positions without significantly impacting the …
