Wednesday, April 23, 2014 2:05:02 PM
Most securities want short sellers trading their symbol (including NVLX). Why? Short sellers provide liquidity, minimize the spread between the bid/ask and allow for better trading volume. For example, if you would like to sell your shares in any security, short sellers are there to provide liquidity. No one wants to be "stuck" holding a trade that they cannot get out of.
The problem with most penny stocks (including NVLX) is that you cannot short sell penny stocks quickly and easily from an individual trading account. That is why you will see very low short interest numbers on penny stocks.
I cannot speak for Lincoln Capital, but I would not surprised if some of those shares were shorted. NVLX has wide trading swings (see the chart) and venture capitalists like LP would have better avenues to short sell as opposed to individual trader's like you and I.
Make sense?
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