Wave Systems Corp. (fka WAVXQ)

[lugan]

I would suspect that the short position in WAVX relative to capitalization is rather small. I would also suspect that that the absolute number of short players is small.
Unless we know the number of short players and/or their average short positions, it is impossible to make any predictions on their short term behavior and therefore the consequent effect on daily share value. I would be very much surprised if any hedge fund has a major short position in WAVX based on fundamentals developing over the last year.
WAVX remains small and speculative, but the weight of the evidence continues to push the share price up. And this push up has been in effect since late February 2008.
This quarter still looks to be WAVX's first profitable quarter, as well as the beginning of a long string of profitable quarters.