Avid Bioservices Inc (CDMO)

[jakedogman1]

How many shares could have been shorted? A lot. Short interest info every two weeks is dated. As sor selling, it could have been after May 30 when PPHM traded below $1.00 which is a Russell requirement.

I would imagine some institutions sold early and others shorted in anticipation of the big dump on June 27. If it was shorting, there could be some nervous players out there on the wrong side of the trade. If some players are on the wrong side, let's see if they force it down this week.

A nice partnership deal with some upfront cash could tip the balance. Or resolving the financing question could help.