Replies to post #32653 on Intellipharmaceutics International Inc. (IPCI)

[mopar44o]

I'm more surprised to why they didnt do earnings on Friday like they do normally. Hopefully it's Monday and good news so it has a few days to run

[wimuskyfisherman]

Beach- The short covering occurred on the day the China news leaked. When many million shares were traded/wash traded and price went to about $1. They had to wash trade almost 10 million shares to cover a couple hundred thousand... Don't tell me that isn't the MM who was covering a naked short. Because it likely was. So on that day, I am guessing whoever had borrowed some shares covered too. Then when things became partially clear on Monday that no deal was coming. I am guess these guys started short selling again.