Aurinia Pharmaceuticals Inc (AUPH)

[moosedogger]

Reddit is going against Bio-tech shorts

Risky, I don't think AUPH qualifies because the short interest is fairly low here.

The problem here appears to be a big holder that steps on the price whenever it tries to break out

I see two primary theories for the motivation of this person/entity:

1. Revenge- there was an attempted coup attempt a couple of years ago that failed. Some believe the loser is punishing the company and its shareholders for failing to give up control to him/it

2. Control the company by selling to drive the price down, then buying to accumulate more shares, but avoiding the SEC reporting requirements by buying under multiple identities.

If the Redditors/Redditeers were looking for deep value stocks being unfairly manipulated/punished, AUPH would be a good candidate.

I think the story with Aurinia is too complicated/nuanced for them but I would love to be wrong.