RE:Shorts keep piling on despite all time lowsWrt shorts, some are smarties, some are Twitterites....heck, if I knew squat about this company and read just the last few NRs, I'd be pretty sure things don't look rosy in the short term.
I'm not sure what the hullabaloo is about....did people expect a CxO announcement over the last two weeks? Or some kind of shipping update when every other damn company on earth is also shut down for 2 weeks?
Truth is, the time for the SP to have gone subterranean was at tax loss....and it held up....the next catalyst to drive this lower would be next Q numbers and all bets are off on where those go....clearly many believe they will be sheet and the uncertainty around leadership won't get resolved. Equal chances of bad vs. good news happening in the immediate term really, so I can't blame the shorts piling on....
If all of the great work from last year with global reach and partnerships wasn't enough to move any positive needles, then nothing short of cold hard results will....not right but it is what it is....
Games are afoot though, that much is clear.
Lemoyne wrote: That's some pretty dreadfull sentiment there. Short float increased in the last period december 16th to 31st, despite sp dropping to all time lows and remaining there for the whole period, and tax loss selling in full effect.
4.6M reasons people think this is going lower than current levels.
Record short float by the way in absolute numbers. (not in %)
I don't understand how people think this can go alot lower but hey, medipharm has proven them right time and time again.