Many shorts are still losing money even covering at the prices we have seen the last 2 days. The only thing we need to be focused on is the data release and results. Nothing else matters at this point in time. We are days from the company announcement if I had additional funds I would be a buyer.
Depends upon when they shorted.
There were 6.35M short on 12/31 when the pps closed at $8:19
and 6.08M the prev month when the pps was at $7.5
That's a lot of shorts that are underwater at $7.5 which was the reason behind the bear raid. Best they make their money w/ their current shenanigans rather than wait on data where they will be bent over by Mr. Market and you know what and Mr. Market doesn't use KY a$$wipe.
What a joke! Where the millioms profit come from? The 6.5 million shares
shorted have average cost about $6, and they covered 3 milliom shares at about
$7+, still a $3+ million dollar loss. You do the math from the data below and
CLSN stock price from July to yesterday.