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Rockwell Medical, Inc. Message Board

  • xchronicle4425 xchronicle4425 Aug 9, 2013 1:36 PM Flag

    Predictions on todays short report??

    Whats everybody think. I'm guessing 4.2 million

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    • No need to guess anymore. Nasdaq reporting short interest of 4,471,381 shares for 7/31
      That is an increase of about 1.4 million from the 3,091,042 reported for 7/15. Interestingly enough 7/15 was when RMTI hit its recent intraday high of $5.94

      The short trade seems overcrowded here and the stock seems to have stabilized in the upper $4's

      • 1 Reply to captainodestin
      • The stock is both at a tough resistance of $5 and very firm floor of upper $4s, about $4.85. It seems incredibly risky to short this stock, so many other better shorts in the market. The stock has clearly stabilized and any very small drops are quickly bought up.

        Shorts seem to be hoping that until the next catalyst, they can grind it down or longs will lose patience that it's not going higher and therefore sell; a fool's bet if you ask me. I wouldn't think to short any stock with favorable PIII news already out. Plus, partner news can come AT ANY DAY NOW as the company is very active on that front. Per the latest earnings call:

        "On the business development front, we have been very active. We were active prior to Phase III CRUISE-1 data, but since then, our activity dramatically increased. Our discussions covered licensing SFP, as well as Calcitriol and CitraPure, and they involve many different geographies and structures. Our goal is to find the right partner or partners in the right geographies and maximize value for our shareholders."

 
RMTI
10.53-0.54(-4.88%)Jan 28 4:00 PMEST

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