RE:RE:Short Interestlnvestor198 wrote: papousse wrote: The Short Interest continue to down.....10,767,100 to 8,459,800
https://shortsqueeze.com/?symbol=CXRX&submit=Short+Quote%E2%84%A2
so 2.2 million shares got covered and the share price went down? Boy that was quite a short squeeze if you hadn't pointed this out you would think they are just adding to their short positions - I wonder if the short squeeze and seeing the stock price reach new 52 weeks lows was painful for them :) LOL
In my opinion, there were alot of shorts who took stabs at trying to play a deadcat bounce or short term reversal and lost out when it didn't come. There were people on this board who covered and went long at $12-13 expecting to go short again at higher prices. The effect that the 6.4 debt to ebitda has on the stock wasn't something they factored in and is much stronger than a technically oversold condition. You need money managers on board to give a meaningful lift to the stock and if they can't buy it, it will just be bounced around by traders looking to make a few cents on an upswing before dumping it again. It would be nice to see an upswing in the stock so people could recover some losses, but i just don't see much good news coming, but lots of potential bad news. I expect any fund that owns this will want it out of portfolios by the end of quarter.