X, the short sellers who sold at higher prices have most likely already covered at a nice profit. The 21 million shares that are currently short are most likely at a breakeven price or have a loss.
Because Lightwave Logic is now a commercial stage company with enormous potential, it is unlikely that a huge market correction will bail out the shorts. Index funds who sell will see their shares be quickly soaked up by long term investors. If the shorts were thinking they could cover by buying shares from LPC and Roth, they have miscalculated.
The best scenario happens when short sellers BTC (buy to close) at let’s say $8.00 to get out for good. But, the shares purchased is supplied by a new short sale STO (sell to open) hoping to sell at $8.00 and buy back at $5.00. Because the stock is being accumulated by real long term investors, the stock continues to rise and the short seller who sold at $8.00 is now buying back at $10. Where do those shares come from? You guessed it…a new short seller looking to short at $10 and make a quick buck by buying back at $7.00.
So the short interest stays at 21 million as the stock price moves higher. It can actually increase as the stock moves higher because the shares that get purchased by the institutions have to come from somewhere.
News 
Market Data 
Discover 
