Evofem Biosciences Inc (EVFM)

[Gentlemen Prefer Bonds]

It’s not the market makers. I said this yesterday. EVFM has been shorted by one of the most notorious short funds. This fund has been fined by the sec for illegally shorting in front of a registered offering and covering part of its position with the shares they purchase in the deal. With $800 million in assets they can afford to raise the average price they’re short when the stock is running and push the stock lower to cover from retail investors who get scared and sell. As of June 30 there were almost 18 million shares short https://www.nasdaq.com/market-activity/stocks/evfm/short-interest. The July 15 number should be out soon. This type of nefarious activity is a serious flaw in our system. That being said, EVFM has increasing sales numbers, a pile of cash, and possible fda approval for STDs. It should be an interesting outcome.