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Re: None

Thursday, 10/19/2017 5:24:29 PM

Thursday, October 19, 2017 5:24:29 PM

Post# of 80866
Just reviewing the last three or so months history, it would appear a few new short positions may have been initiated around July and the beginning or middle of August. August 15, 2017 short interest was aprox 205,000 shares with an average daily trading volume of 21,908 shares. The share price at that time was around the $1.68 mark.
On September 29, 2017 the short interest was aprox 203,160 shares with an average daily trading volume of 23,542 shares. Short interest has fluctuated 3% plus or minus over the last 4 or 5 months, so my assumption is that short interest is still in that 200,000 share range.
Forward thinking, another 10% daily uptick in share price and we’ll be right back around that price range. At an average of 23,000 shares traded per day, that would take about 8 to 9 days of trading to cover.
Things could get really interesting here in the event the price continues to rise and could potentially create a bit of a squeeze with steady or low volume.
Just wanted to share this information as we look forward to the next few weeks.
Good luck all.

Just my honest opinion
S777