$MVTG short volume has spiked, and just got reported by OTC here (link below) in recent hours. It is as I suspected from watching the L-2 trades recently.
This explains the vicious ...... now underway on the MVTG ticker board. The shorts need to cover now that they have been exposed by OTC before the longs force them to buy at higher prices, since they just got caught with their heavy short positions. This is a 7 year record short volume and may be even higher as of Friday's close, trapped and documented short position on a penny stock!!! The kind that lead to one hell of a rally with buying at the ask driving shorts to cover. I call this a big buy a signal!!!
Looks like they need several days to cover, a very dangerous position for high margin shorts!!!!
Short Sales Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue Oct 15, 2014 78,262 194.26 44,978 1.74 No No Sept 30, 2014 26,596 659.89 109,513 1.00 No No Sept 15, 2014 3,500 -89.32 33,573 1.00 No No Aug 29, 2014 32,768 1,755.49 68,794 1.00 No No
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.