that is a staggering number, that this stock sits in the bottom of the ditch with that high a short float with no squeeze higher and zero volitility speaks volumes. my guess is this thing eventually ends up around $5
That explains the trading in this stock...everytime it goes up a little, it usually doesn't stay positive for more than just a few minutes and then gets pounded down. Just like this morning...opened up, but within 5 minutes or so of trading, went red.
Key stats also shows institutions hold 60% which is really high. So we seem to have a lot of institutional holdings along with a high short count. Odd. Earnings should cause some short covering I would hope. I think it's cheap at these levels.