Reliq, It's hard to be a shorter - part 2A few days ago, I made a posting suggesting that it's hard to be a shorter for many reasons, including limited upside/large downside potential, limited likely investment size and difficulty in amassing a large portfolio from shorting. (I could also have added the generally worse income tax treatment for short sellers.)
I said this near the end of my posting: "There is one additional and very important thing which adds to the risk for shorters. Occasionally, companies will announce something breathtakingly positive or even transformational. This can be the death knell for a shorter."
Today's announcement is very positive for Reliq. While it's not likely to kill the shorts profits, it could be the end of this run for them.
Of course, there is the fact that the current short interest for Reliq stock is peanuts...