Xtract One Technologies Inc (XTRAF)

[doug777]

When you calculate the daily volume against the total shares of 150m outstanding it's less than .5% are shorts. Those guys are making maybe $100-$500 per day. It's better than a sharp stick to the eye but in the long run the shorts will loose big money.

I don't recall where I read it but as I recall there are 27,000 share holders of which 99.4% of shares are owned by the general public, .5% owned by insiders and .08% owned by institutions. That means 99.5% or about 26,865 holders are in it for the long.

4 years ago they had 29 employees and today 69.