Friday, May 13, 2011 2:25:30 PM
The short interest is documented as 396,816 shares.
That is almost approximately half of yesterday's volume.'
So a short squeeze would rocket PSPW towards $3 today if they start covering aggressively.
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20110512|PSPW|396816|0|777347|O
Remember, by law the MMs have 5 days to cover their short positions. So either way we are gonna have additional upward momentum as a result of the MM cover.
Seems dangerous for them to hold all those shares going into the weekend.
:)
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