The Short Interest on Blue Water Cruisers Stock Was 351,900

question 35

Multiple Choice

The short interest on Blue Water Cruisers stock was 351,900 when the market opened this morning.During the day,288,500 shares were covered and 151,600 shares were sold short.What was the short interest on this stock at the end of the trading day?

• A) 203,100 shares
• B) 215,000 shares
• C) 233,100 shares
• D) 308,100 shares
• E) 447,900 shares

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Definitions:

Statement of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company.

Quick Ratio

A liquidity indicator that measures a company's ability to meet short-term obligations with its most liquid assets.

Fixed Charge Coverage

A financial ratio that measures a firm's ability to cover its fixed charges, such as interest and leases, with its earnings before interest and taxes (EBIT).

Quick Asset Ratio

A liquidity measure that indicates a company's capacity to pay its short-term liabilities with its quick assets, excluding inventories.