Very interesting that essentially every LIX share sold between February 1 and February 15 2018 (about 5 million shares) was a short sale, in the $2.48 to $2.55 price range, then the delay announcement is made and the price falls to $2.30, where about 2 million shares have subsequently changed hands. It will be informative to see whether these sales are additional short exposure being added, or was the start of the short covering closure of part of the 11 plus million shares that were shown as being short on February 18, 2018.
That short level represents over 12% of the current float, which is a good sized bet against the successful closing of the current buyout deal at $2.61, supposedly to happen by the end of next week.
Any thoughts from others on this board?