You have to ask yourself, "who would short a $2.43 stock?" Even if they drive it down to zero, they would only make $2.43 a share. Maybe a little more if they shorted it at $4. This clearly doesn't make sense. Unless those who are shorting do not like the 70% retail invovlment in NAVB. By this time, I think all the weak longs are gone. All thats left are stubborn, SOB's that are long and believe in the potential of this company, no matter what the stock price is right now. NAVB has the most potential and that is why it is the most shorted stock on Wall Steet. JMHO, of course.
Your comment is ridiculous. Anybody who wants to make a 33% return on their investment in about 10 days would short it here. Im assuming the quarter sucked and that the lymphoseek sales suck. If you had a 100 stock and thought it was going to 70 would you short it. I think so. Why is this different.
Booker - I see they have two last out here PM selling and shorts covering or Shorts buy options to lock in their gain.
FIFO of investing plays for both longs and short. Any shorts who is LILO will pay the price.
Sentiment: Strong Buy
Too much good news for those that haven't already covered. Each time there is good news they have to short some more to protect their current position then they try to buy in an orderly fashion, that's why despite the major shorting activity with any good news the total shorted shares only went up a little bit. Under normal circumstances they would just take their losses but since they've seen that they can manipulate the stock there is no need to do so in the short term, only when breakout news comes will those that haven't covered finally do so. Those that haven't covered will be slaughtered then but in the meantime they'll continue to cover at the current profitable level.