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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b Apr 9, 2014 11:13 PM Flag

    Huge jump in short interest

    The short interest report for the period ended 3/31 came out after the close tonight, and it showed 3,620,999 MLNK shares short as opposed to 590,118 shares for the period ended 03/14/2014. This confirms my suspicion that there was hedging going on in conjunction with the $90M convert offering. Selling over 3M shares of a thinly-traded stock like MLNK short over such a short period of time undoubtedly put a lot of downside pressure on the share price.
    IMHO that was a great opportunity to pick up stock at reduced prices. Now it's up to management to put that money to good use and hopefully prove me right.

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MLNK
3.66-0.05(-1.35%)Apr 24 4:00 PMEDT