Short Interest Only Down Slightly: News Will Squeeze Them!!!As I expected, the short interest has hardly changed over the last 2 weeks of August, as approximately 2.5 M additional shares were shorted during this time (in addition to the 3+ M brought back into Canada from the OTC hedge short holders and their cronies), with most of this new short trading done, one can guess (and IIROC can see), just in advance of the SPC document of lies and misrepresentations. So, of the 10.7 M shares traded during this two week period, about 25%, or 2.75 M trades were short covering (only a moderately greater than average amount in a 2 week period, though during a time of about 4 x increased volume over the average), with most of the trades occurring in the two or three days following the fallacious short 'report'. Of course, the overall short interest is not at all excessive as a percent of the float.
What this means, I believe, is that the shorts are still very much exposed to losses, as they have yet to cover. Over 3 M of the shorts were taken out prior to or in July 2016, and some of these may have covered; but, with the addition of the 2.5 M more recent shorts, the consolidated short interest remains ripe for a squeeze on imminent positive news. And, this will be very supportive of the share price. Of course, if IIROC, Quebec and Finra regulators allow, again, some of the short interest could just be parked again in the OTC market instead of being covered by trades in Canada where the shorts are all registered, but these traders must be getting tired of parking so much for so long and not getting much out of the trade, (especially as almost no one except the genius who supposedly 'authored' the report expects the share price to be going down again anytime soon...:) )
Thus, a sharp squeeze is very possible, especially for the 2.5 M who just bought in prior to and with the recent SPC shenanigans, (many being barely in the black if at all at present levels), especially, again, given expectations of upcoming FDA approval for duodenoscopes that could come at any time, a possible take out bidding war post Getinge financing that closes September 14, and the constant boost from other very supportive news on its way. Just MHO, of course. :)