I don't really pay attention to the short interest very much. I trust my DD and I know what I own. There are always going to be people who think the opposite of what I do. I have yet to hear any valid argument for shorting this right now.
I think some people think that since the private placement was done at $4/share that we will drop that low. They aren't looking at anything else. They immediately think those shares will be dumped on the market dropping the price. They didn't look at who the bulk of those shares are going to and realize that those shares will be held for a very long time. Now, some shares will be dumped as not all of them will go to the large funds that hold long term but it won't be enough to tank the stock another 50%. In all honesty we need some more shares added to the float so long term having some shares from this offering sold in the open market will only help us.
With the float as small as it is I would assume most of the shorting is retail. No large fund, IMO, would short short this with that tiny float. They know better. Honestly, I hope the short interest goes even higher because that's just more shares that will need to be bought back when there already aren't that many shares available.
I wouldn't say people who short are smarter than you. They just have a different way of thinking. I saw a post on another site with someone saying we were going back down to $4. When I prompted him for his reasoning he said, "This is already down almost 50% [off highs in the $13 range]. I don't see any reason why it wouldn't keep going." If those are the people shorting this than I don't think you have anything to worry about. I guarantee you, as a long term investor, have done a lot more DD and know a whole hell of a lot more than anyone shorting this does.
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