Avid Bioservices Inc (CDMO)

[stockaxe]

The entire market, especially things in the Nasdaq or Russell 2k, has gotten killed. This has nothing to do with short interest or anybody knowing anything. In fact, the underlying info on the company has continued to be positive. They are making great hires in the viral vector business and they officially opened the new facility and are booking business into it. You can find many stocks now at 52 week lows and many stocks down over 50% from recent highs. So, that's definitely unpleasant, but it isn't because of any short interest or anything. In fact, much of the short interest in the stock is just a hedge position for those investors that also own the convertible note.