Somethings brewing....Short selling has dropped dramatically. Only 527K shares on Friday. Usually over 2 million per day. My first thought was a drop due to Share price ( it is very close to year low ) but I started digging deeper.
Institutional Ownership has increased quite a bit:
Geode Capital bought 920K shares AUG 14
Morgan Stanley bought 6.2M shares AUG 14
Deutsche Bank bought 5.5M shares AUG 14
Barclays bought 3.2M shares AUG 14
Capital World Investors bought 130M shares AUG 14
Those are just the big buys. Since AUG 1 there have been 15 different instituational buys.
And the best News, Hudson Bay has sold all their holdings of NVCN on AUG 13. I'm not going to say anything bad about those guys, but trust me when they sell off the SP is much safer. Notice how the day after they sell all the institutions step up and buy?? Hmmm... :)
Anyway good luck to all. I think its time for me to buy in again now.