there is an axiom on wall street that says.. "a stock that will not go up.... Will go down...and the corollary is.. "a stock that will not go DOWN.. will go up...but, a stock that does neither, portends what?.. one can argue that the price has gone down from about nov. 2016 from a high of about 3.40, with a low of 1.05 ( 3 times), and now closing at 1.10, after about 7 years of trading.. the stock came out at a buck and quickly sank until KKR made a foray into wmih, with a 600 million dollar infusion... the stock ran up on this news, as it should have, but since no M?A was done the stock is trading for about what the initial price had been...so , just maybe the stock should have been trading all these 7 years at a buck, absent a M/A...looks like the shorts just took the hype in price, as they should have , since the BOD sat on their duff...so how is the situation in the stock price now as traded...there are over 6 million shares short as i type... there are over 80 million shares held long by tutes, for about a 14:1 ratio ( not too shabby)...so for that count, the longs have it... also as the short position was increasing, the yearly A/D line shows about a 7 million shares to the upside...which can only mean, the short positions were being bought by longs... or were numbers just a result of cross trading by satellite firms gaming the volume all day long in groundhog style trading... we see this with 100 share sells, all day long... on the other hand, we see no urgency for the shorts to cover, which would imply they know that time is on their side... remember, mom and pop did not short these numbers... only people with inside knowledge do this sort of thing...so my sense is that the shorts know something we don't...could be why wmih hired an outside firm for guidance... in any case, a frantic effort by shorts to not cover there short position is a cause to pause with all the euphoria... I am still bull, hold over 52000 shares wmih, and 195000 escrows... but until I see this short position decrease, I will not get too excited...always remember... where there is money, there are thieves.... Lodas Fortune favors the bold)
