Replies to post #9299 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

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Finally, short sellers are betting it won’t be a happy holiday sales season for retailer J C Penney Company Inc (NYSE: JCP). Last week, short volume dropped 5 percent and utilization dropped to 95 percent. Some short sellers may simply be taking profits on the stock, which is already down 25.0 percent in the past three months.