XpresSpa Group Inc (XSPA)

[PennyPincher12]

Has this been talked about yet?

http://www.nasdaq.com/symbol/vrng/short-interest


Total short interest as of 9/14: 7,432,484


Out of a O/S roughly 58.2M, that represents 12.77% of the stock. In fractional terms, approximately 1/8 shares are short right now. Based on a 2.45M avg share volume day, that's approximately 3 days worth of covering, a sharp increase from previous dates. While short interest continues to grow, the number of days is skewed based on a lack of volume coming in right now. Our volume over these periods has dwindled since 8/15.


Now I have a theory on these short sellers. I think they are more in tune with these proceeding than we may think. If we start to see heavier volume and the price begins to rise, I think this is an indication that people are covering for an impending settlement. I'm still of the opinion that we're going to see a settlement before October 16th, so we should start seeing this type of covering next week. I do think Google will wait until the last few days before trial before settling, which will give those that have shorted this stock a couple of weeks to cover slowly. I'm expecting a rise in PPS as we move closer to trial on this premise, but I wouldn't expect 9/30's data to reflect a smaller short interest. Thoughts?