NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Go back to mid-2021. The short interest data reported 7/15/2021 showed a large drop of 6.8 million shares.

That was coincident with an increase in Shares Outstanding. The logical explanation was warrant exercise, and there was warrant exercise activity shown in the next 10-Q.

Holders of nwbo warrants were short nwbo stock.
They exercised warrants receiving shares.
Those shares were delivered to close out short positions.

All very logical and consistent with data on short interest, shares outstanding, and warrants outstanding.