InvestorsHub Logo
Followers 0
Posts 180
Boards Moderated 0
Alias Born 08/07/2016

Re: gemineyedream post# 33240

Tuesday, 09/12/2017 3:45:48 PM

Tuesday, September 12, 2017 3:45:48 PM

Post# of 108192
One and only one reason why they are not covering their short: they are UNABLE to. They simply cannot find 10 million shares in this price range.

There is a very good chance that a sizable proportion of the total short interest is held by long institutions themselves and they likely don't want to use their own long shares to cover. The alternative is to run the price up to get more shares released, but they risk a monster run covering so many shares in the open market.

The net result is that the shorts are stuck, hoping that the company has an actual material failure (not made up failures) and simultaneously suppressing the stock while waiting for it using HFT.

It's just that retail frustration is visible on this board but shorts are frustrated too. They have been relentless for 2 years with the suppression and are still coming up close to empty in drawing out shares.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ADXS News