OTIC hit $7.50 during after hours trading last night. Hell, it was trading in the $20 range in the past 90 days, I believe it is headed back there in the near term.
This stock has over 30 million shares outstanding and plenty of shares available to short. It's not one of those low floaters you're used to. The matket cap of this company isn't justified at those levels with only phase 2 trials completed.
I'd watch out for an announcement of a share offering to raise funds for the extra trials to come.
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