What I really love about shares of ABIO from a trading perspective here is the fact the stock has an extremely low float of just 11.75 million shares and a ridiculously high short interest. The current short interest as a percentage of the float for ABIO is gigantic at 27.2%. That means that out of the 11.75 million shares in the tradable float, 3.20 million shares are currently sold short by the bears. This combination of a small float with a large short interest would have me very worried as a short-seller of this stock if shares of ABIO start to trend higher soon. http://www.thestreet.com/story/12527111/1/small-cap-biotech-on-the-verge-of-a-breakout-abio.html?puc=yahoo&cm_ven=YAHOO
What I really love about shares of ABIO from a trading perspective here is the fact the stock has an extremely low float of just 11.75 million shares and a ridiculously high short interest. The current short interest as a percentage of the float for ABIO is gigantic at 27.2%. That means that out of the 11.75 million shares in the tradable float, 3.20 million shares are currently sold short by the bears. This combination of a small float with a large short interest would have me very worried as a short-seller of this stock if shares of ABIO start to trend higher soon. http://www.thestreet.com/story/12527111/1/small-cap-biotech-on-the-verge-of-a-breakout-abio.html?puc=yahoo&cm_ven=YAHOO