Avid Bioservices Inc (CDMO)

[Protector]

Comment on CDMO Inst. Inv. 64,266,757 - 105.24% (ex 13 D/G)

At this point we can exclude a bad data spike, a software error, etc. What we are seeing is consistent processing of filings/listings. The only explanation I can see remains the one I gave in the post I chained this one too.

REMEMBER: At about 107% the overflow matches the last reported short interest amount (overnight undelivered).

Behind that point, the second part of above said explanation applies and we get short incest (shorting into short closing) PLUS into new long open positions (e.g. from traders, retail investors and IIs). That should be a point where PANIC could start, II when determined dare to offer the extra buck to fill.

The more orders we all place (at high prices) on margin accounts the less short borrowing by brokers becomes possible, the harder it will become for the shorts to close.

And, if I where short I would now try to drive people in sell-buy back operations so that I could scope shares of their sell to close my short position.

Another observation is that bringing the PPS down doesn't loosen up as many shares anymore (proportionally) as before. So at some point the Market Maker MUST start visiting the higher grounds.