Integral Technologies Inc. (fka ITKG)

[gktignol]

Short Interest

That is exactly what is being stated qlt. But, the only real way I can see that as working into a positive situation for those long ITKG is when Integral turns things around with a series of positive events being made public.

Consider these explanations from Investopedia.com:


Short Covering

http://www.investopedia.com/terms/s/shortcovering.asp

The act of purchasing securities in order to close an open short position. This is done by buying the same type and number of securities that were sold short. Most often, traders cover their shorts whenever they speculate that the securities will rise. In order to make a profit, a short seller must cover the shorts by purchasing the security below the original selling price.

Also referred to as buy to cover or buy back.

For example, suppose a trader has sold short 50 shares of ABC stock at a price of $10.00/share, because he speculated that ABC will not be successful in the near future. Unfortunately for the trader, the company has been recently very lucky and its price rose to $15.00/share. In order to limit his losses, this trader decides to cover his short position by buying back the 50 short sold shares at a price of $15.00/per share.



Short Squeeze

http://www.investopedia.com/terms/s/shortsqueeze.asp

A situation in which a lack of supply and an excess demand for a traded stock forces the price upward.

Short squeezes occur more often in smaller cap stocks with small floats. (Emphasis mine - gktignol)

If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.



Theoretically, the most one can lose by going long is 100% of their investment if a security were to go to Zero. Not so with a short position, since again, in theory, the price rise is not capped.

Still, one can hardly argue the fact that the Shorts have been "right" in their overall assumptions going back to last December. I believe that is about to change.

regards,
GK