How can CLDR(NYSE) still be shorted after it dropped more than 10% the previous day?
CLDR is still allowed for shorting after losing ~2% on Friday, probably also because of this, when on Thursday it was dropping ~11%...
As far as I know there should be a rule which does not allow shorting after 10%+ price loss. What is going on here, Am I miss something?
Proofs:
limited stocks: www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker
short volumes: shortvolumes.com/?t=CLDR
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You are correct. The Alternative Uptick Rule does not allow a stock to be shorted if it has fallen 10% or more in a day.
CLDR dropped 9.02% on Thursday (from .75 to .78). That's why it did not appear on the NASDAQ's Short Sale Circuit Breaker list (your link) and shorting continued to be allowed.
Your second link to The "short sale volume percent" has no relevance to this.
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