Down to $2.98 after lies from article the other day. Now that NAVB beat the street estimates is now up to $3.20. The shorts are having a field day playing these movements and hedging their overplayed short position. With only a little over 6 weeks to go (maybe less) they are running out of time. When they could not cover, even after the CRL dropped the stock down to $2.24, this has become a tug-of-war between shorts and longs with the stock price. You better believe these shorts will not lose even with 18 million shares short. They are crooks and will do everything in their power, legal and illegal, to control this price until they have leveraged their shares in their favor.
I love it when people say the shorts never lose. This year at least six stocks I owned have either got approval or got bought out and the shorts got murdered. Shorts lose all the time Jack. Only newbies think shorts never lose.
shorts lose all the time because they get greedy and stupid trying to keep stocks down that want to run then they lose control. the same thing will happen with navb after approval and once sales start.