RE:Trying to break out to new highs
Correction the short position has been going up in the last three reports. Before that, there were only 310014 shares shorted. Don't know the intention of the short seller. You short a stock when you think that it is trading ahead and may pull back.
The current position is going up but still, it is very small compared to the float. This stock has decent volume so this could be a trading shot. The bad part of shorting is that it puts pressure on the stock and takes the share price down when it is being shorted. Then there is a good part when those shorts are covered.
You need to keep an eye on shorts because if there are huge shorts in any stock, then there has to be a reason or the stock is way ahead of its fundamentals. Short sellers are aggressive and usually better-informed institutions.