I have been tracking daily volume since 5/11/2009, when the SP was about .72.
The current daily volume average since this date is about 197,384.
Thus the current ratio of short interest to average daily volume, based on this data, is only about 10 to 1.
This leads me to conclude that current shorting in WAVX shares is not significant and will not result in a big short squeeze should a big run develop.
The best force in driving share value up at this point in time is for current holders to continue holding.
That said, like many others, I am forced to sell small segments to pay ongoing bills. The pain here is much less than when forced sales last Spring were made in the 50 cent range.
As WAVX SP rises I for one sell much less. I suspect many others are in the same boat. This bodes well.
