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Monday, June 22, 2020 8:33:08 PM
4,343,932
Source: https://www.otcshortreport.com/company/CYDY
So let's tuck into some of these numbers. It should be safe to assume that short interest from June 15th to today are still out in the wild. There could be more but short shares being called in are at the discretion of the lender. So let's not be greedy and pretend that after a week the lender calls those shares home. So the current safe bet of what is out there:
8,519,094
There could be more shares than that out there. As long as margins are being met the lenders will let them stay out there, to a point.
So we had a nice lunge from the shorts at the end of the day. But we climbed back up to 4.17 for a strong close. Which means those 8.5 million short shares are going to cost a lot of money one way or another.
So what does this mean for the stock?
Well if we see a sudden violent surge in the share price it will be because the shorts had to cover. That sort of surge could send us over 5 dollars quickly. Depending on the mood of other investors one of two things happen:
1. Profit taking occurs. 5 dollars a share is a nice chunk of change.
2. Buy and Hold filters down even into the day traders. At which point sell offs stop because everyone is expecting the fabled run into the double digits.
The last hurrah for the shorts will be 7/2. Earnings, which we have none. Why is it the last hurrah though? Well we have COVID results and HIV approval coming. So promising results for COVID is going to capture market interest. HIV approval means revenue and CYDY has no more "going concerns."
So the short interest players will have to find another pasture to graze in for gains. This will stop depressing the stock price in the future. Though our shorts may return again to write calls in hopes of a lack of movement. But that is for another time.
Recent CYDY News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/06/2024 09:17:30 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/06/2024 09:16:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 09:09:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/09/2024 02:30:20 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 03/01/2024 10:16:47 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 03/01/2024 10:15:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/22/2024 10:16:11 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/22/2024 05:15:08 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 02:00:24 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 10:31:57 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/29/2024 10:22:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 01:40:14 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/19/2024 10:15:35 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 10:16:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:04:57 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:04:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:02:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:02:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:01:55 AM
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