Intellipharmaceutics International Inc. (IPCI)

[hondobud]

Hi guys. I would guess most around here are waiting as I am for some ANDA news. Yesterday I went to American Bulls and saw the stock was a recommended Stay Short. Today I got the short report from Nazdaq:


Settlement Date 5/30/2014

Short Interest 1,695,747

Avg Daily Share Volume 137,041

Days To Cover 12.374012


Read more: http://www.nasdaq.com/symbol/ipci/short-interest#ixzz34MQI7G2q


So I realized by looking at the chart that If you have shorted this stock, you would be languishing along with the longs. 12 days to cover @ 137K?

Anyways good news is $3.4 has been good support and the 200 day moving average is right there also, so just bring on the news please..............