i was a bit surprised to see this in light of the BRY acquisition but LINE SI nevertheless rose 300,000 in latest period to 10.2 m as of 3/15/13. Likewise, LNCO short interest rose 1.6 m to 5.66 m (up from 0.4 m mid-Dec) as of 3/15. LNCO's price premium over LINE probably explains in part the relatively higher jump in LNCO short interest? The looming issuance of LNCO units to pay for BRY may be another factor?
BRY short interest also rose latest reported period by not by much and- in contrast to LINE and LNCO (where short interest is collectively up 5x since mid-December) , BRY short interest lower than mid-december.
separately, the arbitrage spread for buying BRY instead of LNCO has almost disappeared- the deal is 1.25 shares of LNCO for each BRY share, whereas the spread as I type this is 1.19- the mkt is clearly signaling the case of those #$%$ lawyers filing breach of fiduciary duty by BRY is bogus