Friday, April 28, 2023 3:14:35 PM
LWLG
Short interest 20,405,568
Short iinterest ratio 47.59 days to cover
Short interest % of float 17.99%
At any time in the next few weeks an announcement of a deal will be very exciting. Because the retail owners of stock have held for much of the past year despite the yoyo attempts by short sellers to run the price down to trigger sells and partially covering later in the day or the next day.. They have succeeeded in pushing the price down but at the price of losing control once positive commercialization news comes out. Forty seven days to cover is like a lifetime when the price is rapidly rising because buys will come in from new and current investors waiting for the moment of confirmation that revenue is on the way.
For short sellers who have been looking at their paper profit it will be gone very fast as they try and compete with buys from people waiting to pounce on shares with the news everyone is waiting for. This does not even take into account momentum traders who track rapidly rising stocks and quickly buy to catch the momentum. Buying pressure will be huge and there will be a trading halt and the price will come back much higher than when it started. There will be some shorts who even try to hold the price down by initially selling and they will only get buried in a larger hole. It will be made worse if owners of stock call back their shares and there is none to borrow. This will be a perfect storm.
I would not be surprised if Dr. Lebby has deals signed close together as that would catch everyone off guard. After all he has been frustrated by the short selling for a long tome. This would shock the market, good for stockholders, very bad for short sellers. Forty seven days to cover could be awful if you are still short the stock. when this happens. Forty seven days stuck in a nightmare.
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