GREY:FTPLF - Post by User
Post by
Nighthawk40on May 26, 2011 7:45am
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Post# 18627220
# of Short Shares, as of...
# of Short Shares, as of...May 16, 2011, there are 141,355 shares or a ratio of 2.2%
If short sellers don't buy back there shares and the stock splits, they are on the hook for 424,065 shares to buy back.
As a comparison, in May of 2010, the ratio was only 1.1%.
If you look at the past monthly figures, there is very good probability that by Sept. 2011, there may be a reduction of 50k to 70k. (x 3 if after the split)
Knowledgeable FTP investors are not selling their shares.
As evidenced by the recently low daily transactions, FTP investors are thinking twice before selling their valuable shares.