Short is playing the stock to create fear. The weak longs will be the targeted victims. I am buying at this ridiculously low price. Shorts will cover soon because there is not much additional profit for them at this price.
There are obvious reasons but the issue is whether the stock has overcorrected. I believe it has and will settle back up to $14 within 6 months time, but we shall see. It may need to see the 10's first, but I hope not. Either way I am holding here with an 11.90 cost and expect to eventually make some money here.
Maybe it is as simple as people worrying about them now tapping their cheaper credit. Conversely it is probably latecomer shorts hoping they will use it.
In the end, we don't know. Just focus on the value of the enterprise. If you still feel it is good, and have the cash, buy more.
I am still just researching IPI but it looks like "sympathy" dipping and shorting(nearly 6M in 5 days) at the same time. The upside for the short seems pretty small at this point but is the short run still some remaining.
As I said, still researching (for the purpose of buying) so please don't take this as anything but thinking out "loud".
By the way, any clue where I can find margin info on TRIO? Has that been in an earnings report?