Innovation Pharmaceuticals Inc (IPIX)

[farrell90]

What is the risk to shorting an emerging company with promising but unproven technology?

IPIX short sellers need to watch their step.

https://www.cnbc.com/2018/04/11/tesla-is-the-biggest-short-in-the-us-stock-market.html

February is off to a good start for Tesla CEO Elon Musk.
Short-sellers entered a new world of pain on Monday as shares surged more than 19 percent, eclipsing $700 for the first time following a slew of positive commentary from Wall Street. The percentage gain was the largest since May 2013, as tracked by the Dow Jones Market Data Group and a fresh all-time high.
Short-sellers, or traders betting against a stock in the hope that its price will fall, were saddled with $2.47 billion of losses on Monday when shares were trading at $752, according to the financial-analytics firm S3 Partners. They have now lost more than $8.3 billion this year.
That pain may increase as the stock approaches the $800 level.


GLTA Farrell