Arch Therapeutics Inc (ARTH)

[Justfactsmam]

...Shorts "cover" short by "buying" not selling...so sellers are not shorts who are covering. This buying opportunity created by investors/traders who automatically "sell" on any financing believing it to be negative...

reactive...without examining whether it is positive or negative...

In this case ... very positive for reasons outlined before. Thank them for the buying opportunity.

With two buy-side institutions covering this... I would expect them to come out with further positive recommendations "post-financing"... to support their previous recommendations, which is normal for the course.