Sino-Global Shipping America (SINO)

[value1008]

http://www.nasdaq.com/symbol/sino/short-interest

Short interest for 2-week period ending 6/30/17 was up to 937k shares and needing over 10 days to cover. That new short interest probably occurred after the share-price upspike to upper $2.90s following my S.Alpha article release on 6/27.

Shorts probably figured there was no official news on stock, so the spike would sell off. It did retreat back to 2.70s and maybe some of that new short position did cover, but if it didn't, those new shorts and anyone else who shorted under $3 are in trouble with all the new interest in SINO, and the likelihood of more partnership news from the company over the coming weeks, not to mention next earnings report in latter Sept.

As i've said before, i think a lot of the short interest on SINO is simply a generic short against the entire shipping sector, a bet that shipping companies will build too many ships and not retire enough ships on the first really clear sign of healthier rates.