Short Interest Update on Goldman Sachs

The short interest (as measured by Percent Shares Outstanding On Loan) for Goldman Sachs Group Inc (GS) has decreased 13.9% over the past week and now stands at 1.11%. This is up 37.72% from the 52 week low hit on November 4, 2008. When compared to other North America Capital Markets companies, the short base is well below the average of 4.67% for the sector.

Over the past week the Negative Sentiment Indicator (DNS) for GS saw a small decrease to the second decile. The DNS for the security is now low indicating an decreasing amount of negative short sale sentiment. The Price Squeeze Indicator (DIPS) remained unchanged and continues to be in the first decile which indicates a low probability of a price squeeze.

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Comments

[whidbey:]

Interesting, but the trade is long GS and write covered calls. Right now the traders think it maybe part of the undead who only survive to eat the living.

The move in GS has been wonderful to see, but it lacks credibility over the longer haul. When they come for GS it will be swift and pleasurable. Not that I want GS holed below the waterline, but it has played fast and loose and with that comes a prayer for justice. Is that Schadenfreude? I may not be a well man.

Aug 20 08:59 PM