NorthWest Biotherapeutics Inc (NWBO)

[TZOR]

My thoughts are that there has been a lot of time that has passed since the recording of the 6/30/15. I find the increase of shares held by institutions relieving, as a rebuttal to one short argument of "how come there are no institutional owners?".

What I don't know is what the tutes have done since then. on August 21st 4 million shares traded, the single largest volume day YTD. We do not yet have short interest data for that date (last date on record was 8/14/15) to confirm if they were closing or shorting more. I don't think the shorts would have access to an additional 4 millions shares to short, or if they did they probably would spend them all on one day.

My question is, who was selling that day? Shorts were probably buying in some of their short positions to lock in profit. Weak retail probably sold, but I don't think there is that much weak retail holders. If I had to guess retail holdings I would say collectively we hold 7-14 millions shares (roughly 10-20% of the shares outstanding). If that is the case then 4 million shares would be roughly 57%-29% respectively of the retail position.