63% of the shares today were sold short. Check out the short analytics website. They shorted 63% of the shares today and we still were up over a dollar. Incredible that they keep digging themselves deeper.
Also, what do you all make of the April and July $25 puts. Very high volume today?
Couple scenarios for the Puts, they could have been sold at the Bid. In that case the money believes it will never see that price again. I think that is the most probable. Or they purchased them when the stock hit $30 and will need to cover before PPS rises
Again, $30 triggered the last stand for shorts, 143k down with 5 million in volume not much. A steady rise over $30 now will again alert shorts, but I fear they will not be successful, due to how close we are to earnings. QCOR is not a short candidate, too much upside not enough down. The 63% represents the shorts and the profit takers. Therefore the cost base of longs keeps upward momentum. Some of those longs will reenter shortly.