Wave Systems Corp. (fka WAVXQ)

[lugan]

Has anybody tried to calculate the WAVX short interest share number vs the long Wavoid held share number? Another interesting number would be adding known fund holdings to the Wavoid holding. My optimistic rough guess is for a ratio of 1:10, i.e. shorts to longs, but I could be waves off.
Also there has not been much discussion on the rationale for the short interest on WAVX. My guess is that a large part of the short interest is a hedge against a substantial long position. This would take away a lot of the current negative angst among longs regarding the huge short interest.
Recent volume does not support either a short push or a long push. My guess is that the current down trend is tax related. This down pressure ends this Friday.