I have to agree. There is a reason short interest is up. Over 400M market cap? For what? More losses on ~5M revenue this quarter? I think a 300M market cap is pushing it, unless there is a huge earnings beat and guidance for more of the same going forward. What are the chances of that?
I was wrong about the stock price receding and oddly enough the continued price improvement came with a 1mm increase in short interest (now close to 15% of float). I expect next report in 2 weeks will show a further increase. I hope they knock it out of the park when the 10-Q rolls around
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