FCY, if your assessment would be correct and since this is going on on PPHM shares since at least FEB 2016 (see Cheyenne's reports on the matter) then PPHM would currently not have a short-interest (see NASDAQ) of about 0.5%
Peregrine Pharmaceuticals the Microsoft of Biotechnology! All In My Opinion. I am not advising anything, nor accusing anyone.