The short interest on Blue Water Cruisers stock was 218,900 when the market opened this morning. During the day, 187,400 shares were covered and 171,600 shares were sold short. What was the short interest on this stock at the end of the trading day?

Question

Quizplus · Accepted Answer

The short interest is the number of shares that have been sold short but not yet covered. To calculate the short interest at the end of the trading day, we need to subtract the number of shares that were covered from the number of shares that were sold short and add the number of shares that were already short.Short interest at the end of the day = Short interest at the beginning of the day + Shares sold short - Shares covered= 218,900 + 171,600 - 187,400= 203,100 shares

The Short Interest on Blue Water Cruisers Stock Was 218,900