Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

Shorting against your own shares is not really a hedge. A hedge is partial protection at a cost, which still allows you to benefit on your initial position if the stock moves in your favor. Such as by using options. Shorting against your own shares makes it a zero-sum game, where nothing that happens to the pps has any net effect on your combined positions.