$heff's $tation of $tocks & $olid DD

[42Delta]

NAVB The largest short % increase took place prior to the NDA filing in 2011 when SP had surged to $5+. IMO many of those positions are still unsettled. As for the finance companies, e.g P/M, they can easily lock in gains on runs by short selling against cheap warrants, etc. I'm not saying that occurs or doesn't occur, and NAVB is in no different position than many others. The only short thesis on NAVB is the LS revenue argument, and if we see another secondary offering mid-year on SP strength. IMO the short interest could be near current levels for some time...just my 2 cents....BOL. I think we'll do well in this.