CytoSorbents Corporation (CTSO)

[biotech48]

Shorting CTSO, a topic rarely discussed here and with which I am ignorant. I have never shorted a stock, am very long here. On 8/15/18 the short interest was 2,405,443 shares, 9.62% of the float, that is $34,878,923 at today’s price. Does anyone have any insight into who/what would short CTSO? My best guess, for most of it, is a hedge fund, it would almost have to be to finance that amount. A brokerage is going to require collateral so they have funds tied up for that, additionally they must pay interest.
I do feel that there was a bear raid after the Q2 earnings on August 2, 2018. We reached $12.90 that day with an excellent earnings report. The next day, we closed at $11,63. I realize that some of that was profit taking, but it seems that the share price should have exploded the next day, as it has done recently, perhaps a delayed response. Those of you that have been here a long time have seen this occur periodically. I suppose that the only cure will be for the Company to continue to outperform the rest of the market.