Arena Pharmaceuticals, Inc. (ARNA)

[RNsidersbuying]

Updated shorts position has increased to 36%. The risk/reward factor for them is not too rosy. For a reward of a few pennies, they risk a damn good whacking.

Normally I would defer to such a huge short position but not here and now in a stock trading at cash levels. This 36% short position is reminiscient of a stock heading for BK. That's not happening here in the short to midterm future. ARNA is sitting on piles of cash!