Palatin Technologies Inc. (PTN)

[BesaoT35]

Could Caligan Partners be actively shorting our stock PTN while at the same time accumulating shares silently until they get to 10%. I do not know how a hedge fund can short and buy shares simultaneously. Such an idea would seem illogical.

Over at AMAG they have bought more than 10%. PTN owns Vyleesi. AMAG only has North American rights to Vyleesi. It seems odd to me that two stocks that should rightly be considered takeover targets would be going down in price.

Does anybody else find the price action to be unusual? Perhaps the majority of traders think that Vyleesi will be a dud.