Jim, IDCC is NOT at a new high. The high was set in 2000 and is $82. For all we know, some shorts decided not to close out their position in the $4 range. Their short positions could still be wildly profitable at $26/share so you are jumping to conclusions when you state:
"The stock is at a new high so the short sellers went short below this price."
Just a little reality check before you get too carried away celebrating the new "high". If you want to qualify that and call it a new 3 year high then that's fine with me, but a new high, it's not.
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