Shorts big difference this Quarter Time is running outMy thoughts
When the financials have been released the shorting group has purchased shares before the announcements and immediately driven the price down after the announcements.
Last quarter 5/5/15 Purchased 77,170 shares before the financials to 2,045,167 shares and shorted 510,529 to 2,555,696 to drive the stock down after the announcement
3/5/15 Purchased 419,314 shares before the financials to 1,697,291 shares and shorted 425,046 to 2,122,337 to drive the stock down after the announcement
Almost every time the financials come out they buy back before and sell immediately to drive the price of the stock down.
As of July 15 the short position is at 2,678,629. As a percentage of the new float this is an all-time high. They have not been able to buy back this time.
I assume this game they usually play will not happen on July 30.