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Re: The Other Guy post# 3401

Wednesday, 04/20/2016 9:26:18 PM

Wednesday, April 20, 2016 9:26:18 PM

Post# of 5004
The reason for high short interest before was because of Tang Capital. Since we don't have Tang the short interest won't be as high this time. There will still be short volume as with all biotech stocks, but not as much as when Tang was in.

Tang created the toxic short environment because every preferred share they converted on the market brought down the share price. Subsequent selling of common shares after being convered from preferred put further pressure on the price.

Now, Shortsellers don't have Tang Capital to help them ride it down. It will be riskier for them, and as you say smaller float only 6 mil shares outstanding so it will be dangerous for them in RXII.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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