Short Interest Update - As Sept 13 - Went up ~2.8k shares
Continued growth in the short interest remains a concern.
As of Sept 13th, the short interest was 221.1k which was an increase of 2.8k shares sequentially from Aug 30th. Month over month, the short interest increased by 9.4k shores. (Aug 15 211.7k to Sept 13 221.1k)
It seemed that there was support for the stock at $24, that support appears to be diminishing.
I am not a big fan of charts necessarily but I do look at relative strength. In september there was reversal of RSI direction and as of today the RSI is 45. The MACD appears to be a very vulnerable point. It looks like if the stock were to trade to 23 and then below, it would send very negative technically indicator.
Regardless of technicals, the growth in short interest and the shorts sucess to day on this stock remains a concern.