Short interest in MNKD continues to decline as it's future becomes clear.
The decline in the amount of shares shorted as evidenced by June numbers ( down 2.2% ) is one of the strongest signals yet that MNKD's share price is headed to new highs.
A very strong partnership is likely unless a complete buyout happens. There is also the possibility of a buyout of some of the parts of MNKD without touching certain patents which would leave new MNKD shares.
It's akin to Ackman's faux pas with Herbalife. Yesterday was his crescendo moment in trying to destroy Herbalife. I'll leave aside the merits and just point to the fact that the equity subsequently soared...not saying the same will happen here...only that emotional commitment to a position, be it long or short, is always a good set-up for a fall....