...and the ones that haven't covered today are cornered. 16.5% of all outstanding shares - 2.7 million of them. Wow. The question will be how much of this pop was due to a short squeeze, and how much just out of upping the market value to where it needs to be. I say both, but we are still only half or less of the value that it should be.
fellow, the short covering is what increased the pps so dramatically (artificial increase)....you now have NEW SHORTS piling on because this is way overbought.......I think you see 21's today and teens by Friday
I would have to agree, the low $40 range appears to be the right place for the share price. It will only take a few months to get there, but if Swissmedic or a Prochymal collabration deal is announced then the $40s could happen overnight.
Today's action is exactly the reason why I was afraid to "trade" in and out of this stock and why I held long all this time. This stock is only at the beginning of an Amgen style of ride. In my opinion, trading for a few quick dollars at this point is a mistake and all you'll get is a huge tax bill. Think triple digits...easy.