BioAmber Inc (fka BIOAQ)

[1manband]

There are only 7,200 shares short right now.

http://otce.finra.org/ESI

Short sellers are not stupid. They pilled in after the bankruptcy was announced, and then covered at under a penny. They made a killing.

As we get closer to the share cancellation, the short interest will almost certainly rise substantially. Short selling is not free, so they time their borrowing to maximize their returns.