Short Activity on CXRXThe top two busiest days were April 21 and 22 when short seller volume increased, along with general trading volume to over 1M shares traded up from a very low average.
It's important to note that just like most runs, the preceeding activity on the stock was going from over $25 US on April 20th to about $23.5 on the 21st to close to over $30 that day and open at $33 the following day just mearly on a rumour of a take over at possibly $60?
Don't buy or hold on this stock without always checking where the short sellers are doing.
Last reported short seller interest on CXRX was over 14% in the US which should generate enough of a short squeeze if the shorts get caught again.
Since last October, short seller interest has increased dramatically on CXRX
From 758K shares shorted at the end of October 2015 to a new record of 5.9M shares shorted on the Nasdaq listed stock in mid April 2016. Are the shorters continuing here at these previous lows or are they covering?
Lattice, would you be so kind as to tell us if you are increase your focus on Concordia or decreasing your focus? Is the lemon fully squeezed on this one? The house is clean except for the few imperfections?