NuPathe Inc (fka PATH) (PATH)

[ringao]

I'm full out, but still keeping an eye on her. Can't get my mind fully around the upcoming events. (a) potential for new bidder (b) turning in stock for 2.85/share + promise payments on goals-met (c) how the short-covering may affect the share price as the closing deadline approaches. It's the potential for short covering which keeps me around/interested.

Today WSJ reports that Path has 3.1m shares short (rpt date mid dec) out of a 13.6m float (~22% of the float). The stock close up a nickle even on selling pressure and money outflow. Aprox 2% of the shorts covered (this may be from the last reported date in Nov)... so this is possibly what short covering looks like... if one had daily short data... (price up with MF out, price up 5 cents). Can the shorts keep this up slow and steady and keep a (relative) lid on the price... anyone want to weigh in?