Not even those claiming PYCT is shorted on a variety of shorting and message board sites and are expecting a huge short squeeze that is supposed to send the share price soaring (.10/share LOL!) are buying PYCT commons as indicated by the volume. If ANYONE really believed there was a huge short on PYCT ETrade (and others) would be bombarded with buy order for PYCT commons sending the price soaring. But that hasnt happened and wont because nobody believes PYCT is shorted.
If I believed PYCT was shorted Id put in bids at prices between .0001 and .0002 for hundreds of millions of shares. If, after all, I really believed PYCT was going to even .001 /share I would still quintuple my money even with .0002 buys. But nobody is doing that. Heck, volume is anemic on a good day, zero on some days. LOL!
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