Replies to post #100953 on Ayala Pharmaceuticals Inc (ADXS)

[raja48185]

Short interest almost more than doubled in two weeks:

Settlement Date Short Interest Avg Daily Share Volume Days To Cover
7/15/2019 623,656 353,894 1.762268
6/28/2019 272,600 140,008 1.947032


Next battle : De-listing notice; coming once the stock is < $1.00 for 30 days. Should that happen, then the news will wipe out another 20% of the pps overnight.

[ignatiusrielly35]

Not surprising. The underwriter typically shorts, and the hedgies that are contacted for indications of interest also know an offering is coming.