AVANIR PHARMACEUTICALS (AVNR)

[thegoat]

I think there are a few contributing factors to the short interest. One being the shelf registration that was announced at the beginning of September (short interest at that time was 7mil) and then it went up to 10mil on the next scheduled short interest release date (or whatever they call it :) ). I think a lot of people expected another dilution before the decision and were banking on that happening then they'd cover. Now they can only wait for the decision date if they want to make some $$ and with a few bearish aritcles coming out here and there it may keep them in. All speculation by me but I definitely think the shelf registration had a big influence on the short interest.