Vuzix Corporation (VUZI)

[growacet]

My guess is short covering.....

Short interest has been up around 5 million since Sept, go back to June and it was close to 6 million. When shorts borrow shares and dump them back into the market, the money that is collected has to be held in a margin account...a good chunk of it anyway. As the PPS drops those margin requirements ease of course, but they still have to buy back to lock those profits in.

It looks to me like shorts covered off early up to about 10:30 or so...and then after driving the PPS up over $4 it looks to me like they re-loaded and dumped a bunch back.

There's a guy on stocktwits sharing an email from IR that says the company has other options and that they won't be doing another share offering....no way to know 100% if its genuine but I suspect it is.

Not long to wait to find out how much money they were down to at the end of 2018, that imo will be very telling.