HIVE Blockchain Technologies Ltd (HIVE)

[Imperial Whazoo]

And so, here's my idea on why we saw falls like this mornings.

If short sellers hold their short positions, they have to pay interest to do so. So, if they no longer feel that the short side is worth the risk, they take their profits (price fall = profits for short position).

They do not want to wait for price again in order to short because they pay interest on those borrowed shares. So they cover, take a profit and go elsewhere.

They are not re-shorting because it is too dangerous. And because there are better short-side fishing holes in this crypto niche.

And the sentiment that it is too dangerous implies that there is a general concensus that the Sweden news (78% of the mining), coupled with the Iceland news that preceded it, will come to fruition in December and this puppy has a greater likelihood of price increases in the next few weeks than of a price decline.

ie... the "story" behind this story stock has legs.

My opinion, merely.

Imperial whazoo

EDITED: DOES ANYONE HAVE THE SHORT INTEREST DATA ON THIS STOCK? If so, please post it. I personally do not subscribe to any services that generate short interest data for a small stock like this one.