CMKM Diamonds Inc. (fka CMKX)

[Mark_Leh]

I certainly do not condone the FTD problems of OSTK, especially since it's a NASDAQ company. That said, let's be honest: the short interest has been very beneficial to the OSTK stock price. Without the shorts covering over the last six months, the stock would be at $12. A company which has had as many mis-steps as OSTK would simply never have found this number of natural buyers, unless it was absurdly cheap, which OSTK isn't. Management ought to be sending the short-sellers thank-you notes, but I'm not holding my breath.

(In my opinion, the huge short interest has even figured into Citadel's calculation.)