KemPharm Inc. (KMPH)

[Corundum]

KMPH has 11% short interest, not 71%. Don't believe me? Read the recent "Fourth Quarter and Full Year" announcement. In it, they describe shares outstanding. There is a lot, over 28 million, because they converted all their convertible debt, and convertible preferred, and many (but not all) warrants to common stock in the last few months. Those transactions are detailed in the same announcement.

Then go to Nasdaq.com and look up KMPH short interest. Divide one by the other and see how you have been scammed. Let this be a lesson to do your damned due diligence.

And by the way, there is never a short squeeze for companies that have convertible debt, or convertible preferred, or warrants, because those guys short the hell out of the stock when its price is above their conversion price (which has been $6.50 a share for most of those instruments). And they never have to buy stock in the open market to cover their shorted shares (ie, the short squeeze). Why not? Because they simply convert their instruments into new stock, and provide that stock to cover. KMPH debt and warrant holders have been doing that for months, shorting the stock and converting their instruments at $6.50 a share.

The current short interest is very likely held by the holders of the remaining warrants.

I have no interest in this company. I like it, and I think it will prosper. I just wish the short squeeze idiocy would go away.