Hyperdynamics Corp (HDYNQ)

[Rule_62]

HDY was heavily shorted like this once in the not so distant past. July 30 2010 the short interest ratio reached 9.9 days. Share price was $1.15 on an average daily volume of 195,000 shares. By August 31 it had backed off to 8.2 days on increased volume (242k/day).

Then Ray dropped the bomb.

http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=505327

Within days the share price was in the $1.60s, by the middle of October it hit $3.50.

Now we sit @ 10 1/2 days. And Ray is potentially sitting with another bomb. I bet he smiles if he reads this :)

http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=HDY&selected=HDY