Replies to post #2200 on AVANIR PHARMACEUTICALS (AVNR)

[thegoat]

I think there are a few contributing factors to the short interest. One being the shelf registration that was announced at the beginning of September (short interest at that time was 7mil) and then it went up to 10mil on the next scheduled short interest release date (or whatever they call it :) ). I think a lot of people expected another dilution before the decision and were banking on that happening then they'd cover. Now they can only wait for the decision date if they want to make some $$ and with a few bearish aritcles coming out here and there it may keep them in. All speculation by me but I definitely think the shelf registration had a big influence on the short interest.

[dragon52]

yeah quite unbelievable isn't it...

They are banking that the FDA disapproves AVNR and thus the shorts win.

However, that is their story.... If the FDA should happen to approve it, they will have to cover... of course with heavy buying coming in and the Market Makers playing two sides of the field, it could go ballistic before it settles... and that is what the longs are wishing for.

Wow, i cannot believe how short this stock is. This actually has me rethinking buying more now. Why in the world are there not only so many shorts, but why are they heavily increasing their position? Is there something us retail investors are missing that the big guys arent?

Geesh, that is a ton short!