Replies to post #19366 on MannKind Corp. (MNKD)

[conix]

MannKind Corp.’s (NASDAQ: MNKD) short interest, at around 86.15 million shares most recently, was barely any higher than on the prior settlement date, but it followed a 5% gain in the previous period. It was also 26.8% of the total float. The days to cover doubled to more than 32, as the daily average volume shrank to a year-to-date low. Note that the year-to-date peak short interest was more than 130 million shares back in February.

MannKind plans to relaunch Afrezza in the current quarter. Short sellers watched shares sink about 13% in the initial two weeks of the month, and the retreat has continued since. Shares are now more than 31% lower year to date to $0.99, though still up from the multiyear low of $0.64 earlier this year. The 52-week high of $4.98 was seen nearly a year ago.