Wave Systems Corp. (fka WAVXQ)

[lugan]

"I kinda feel like I am pretty much contemplating my navel but the increasing short position, given the fundamentals defies my comprehension. (ah, maybe I just hit on the real root of the problem)"

I think we are all a bit baffled by the large short position. The only explanation that makes sense to me is that much of it is a hedge on a much larger long position.