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Saturday, February 26, 2022 12:54:33 PM
If a stock is in demand (as both are) then Inst. Inv. buy the down-pressure of the shorters. For HALO from the 50's, for CDMO from the 35's.
As a consequence the number of outstanding shares increases (shorters add outstanding volume) on a PPS that goes down. Behind the screens a lending contract BLOCKS the shares of the lender to be used (small daily fee involved).
So, :
- HALO shares with a lending contract CANNOT be used until shorter buys back and releases shares.
- Shorter has hard time to buy back because shares did not MAJORLY go to retailers but ended up on the shelf of Inst. Inv. that do not sell them easily. (e.g. they don't listen to nonsense from sources as Zacks, etc IMO, they are pro's and look at the fundamentals).
- Market Maker now have more difficulty to make market (low liquidity). Hence they also short, intraday, to free up shares by hitting stop-losses. But the IIs buy in competition with them, hence their shorting doesn't yield the same results anymore.
- If more shares end up on II shelfs, then more lending contracts are available, because in general it are the IIs that provide them underlying stock. And the cycle starts all over.
So HALO and CDMO are under extreme down pressure due to their success...BUT that is only temporarily. Each time the elastic is pulled down by shorting parties and II buys, closing the short positions becomes more difficult. PPS can go up very quickly when margin calls or any other event forces them to close.
So, HALO and CDMO aren't at all down due to fundamentals or bad news (HGEN for instance is) but due to trading/investing tactics and mechanisms.
If that elastic bounces back (for instance if a share count or acquisition/merger is to take place) then the PPS shoots up like a rocket because everybody needs to FORCED close short positions. A Qualcomm alike effect.
AIMO
All In My Opinion. I am not advising anything, nor accusing anyone.
Recent HALO News
- Halozyme Announces Roche's OCREVUS® SC with ENHANZE® Receives European Commission Approval for Relapsing and Primary Progressive Multiple Sclerosis • PR Newswire (US) • 06/25/2024 05:15:00 AM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/18/2024 08:22:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 08:17:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:15:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 08:40:33 PM
- Halozyme Raises Full Year 2024 Financial Guidance and Updates 5-Year Financial Outlook • PR Newswire (US) • 06/06/2024 12:30:00 PM
- Halozyme Announces Issuance of New European Patent for ENHANZE® Drug Delivery Platform • PR Newswire (US) • 06/05/2024 08:05:00 PM
- Halozyme to Participate in the Goldman Sachs 45th Annual Global Healthcare Conference • PR Newswire (US) • 06/04/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 09:24:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/22/2024 08:08:43 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 08:00:43 PM
- Halozyme Announces Bristol Myers Squibb Received Updated Action Date from the U.S. Food and Drug Administration for Subcutaneous Nivolumab Co-Formulated with ENHANZE® • PR Newswire (US) • 05/21/2024 11:15:00 AM
- Halozyme to Participate in Upcoming Investor Conferences • PR Newswire (US) • 05/08/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 08:09:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:05:55 PM
- HALOZYME REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS • PR Newswire (US) • 05/07/2024 08:01:00 PM
- Mahesh Krishnan Elected to Halozyme's Board of Directors • PR Newswire (US) • 04/25/2024 08:45:00 PM
- Halozyme to Report First Quarter 2024 Financial and Operating Results • PR Newswire (US) • 04/23/2024 12:30:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 03/04/2024 09:13:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 11:49:54 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 09:07:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 10:12:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 10:05:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 10:01:21 PM
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