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Question about stock price movement

Posted by: taranev on Mar 31, 12:55

Maybe I'm missing something obvious but I don't understand how some stock prices are moving. For example, as I write this 7 Days in Utopia ipo'd yesterday at $7 and there are 16M shares short and 1.6M long and the stock is UP $1.14! Today's volume is approx. 6M short to 1M long. How the heck can a stock move up so much with such a short to long discrepancy? I've seen it in a number of stocks going opposite the way than would be expected with large differences in shorts to longs or vice versa. Could someone explain it to me please? Thanks.

Question about stock price movement taranev Mar 31, 12:55

I asked the same question here. winstonman78 Mar 31, 14:04





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