Monday, August 21, 2017 5:57:40 PM
"As of today, 26.5 million shares of Novo, or 22.7% of issued shares (16.5% of fully diluted shares), have been sold short. There will be around 23 million shares from the most recent financing becoming free trading just after Labor Day, which will also be the week most of the big money traders and fund managers will be back from their summer vacations. If you already own the stock, prepare yourself for some volatility."
Big traders want to sell and book their profits. This could easily drop well below $2.
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