Conversion Labs Inc fka CVLB

[Happy Investor]

I watch the trading daily by minute. The charts indicate substantial short selling patterns for the last 7 or 8 trading days. In researching short interest I found the following:

1)As of 2/22 short selling as a % of volume was 3.2%
2) This rose steadily to 19% on 2/25 and settled to 13% moving forward through yesterday.
3) In general short interest has risen since Dec.
4) As of 2/12 (the last published data) short interest was 420,000 shares
5) Estimating short interest additions since 2/12 through yesterday using average daily volume and an average short sales as a % of volume of 15%, an additional 1.2mm shares have been shorted.
6) This brings total probable short interest to 1.6mm shares, which is 20% of estimated float. Pretty high but certainly not in the GME stratosphere. So we may see more short selling in the next several days, but shares are going to become scarce for borrowing and then shorts will attempt to cover.

If a significant announcement comes out that may drive up their prices.

We know Justin has significant institutional contacts. What is he waiting for? Get on the horn!!!