Short Interest still very high... Salient point from IIroc Report:
- Between the middle and the end of April short investors bet $371,045 bet that PYR shares price was going to go down over the coming weeks
- That represented a short of 631K at an average selling price $0.59
- That position did not work for them...
- As of May 15, it looks like the shorter were forced to cover their position ...
- But they have also re-initiated a new short position at a higher price
- End as a result the short position is now 533,000 shares with an average selling price of $0.705
- The short bet is still around the same $ value of $377,193... that is 15% of the $ value of all shares traded
Take away, some group or investors have placed a big bet on the shares going down, that is a very good sign...
The next move up is going to be explosive.
ALL THOSE SHORTS ARE GOING TO HAVE TO COVER FAST AND FURIOUS STYLE...