MPO Shorts getting killed. Stock up 8% on no public news. Question is why? I see a few possibilities.
1.) New information. MPO new well data is getting out to the smart money and things look good. Very good. Maybe Investbanker's not full of it. :)
2.) Manipulation. The hedge funds and bigger institutions saw that shorts were overexposed and bought MPO shares to create a short squeeze. Buying based on no new information.
3.) Technical traders. They saw MPO's oversold bottom in mid August, put the company on their watch lists. We're seeing a technical driven bounce. Next stop likely at overhead resistance around 5.45.