Ask yourself why it was shorted. Opened at .40 with what to back it up? This was a no-brainer for the buzzards. Hell yes shorted to death. What was the moon propellent? The name Loftworks? Hell yes its gonna drop shorted or not....
I think shorting should not be allowed. It's actually sick thinking people are making money hoping for and promoting the failure of these companies and stealing the money of investors.
Yes, it was shorted from 40 cents. And less than a million shares were traded from there down to 15 cents(present level). So the theory of hundreds of millions of shorted shares from this hardly makes much sense. Bloomberg terminals are powerful tools, BTW.