The short interest declined to the tune of 1.5M shares. Nice move down. Could this be the long anticipated start to a more substantial decline in short interest over the coming months approaching 2014?
Time will tell.
It's pretty obvious if you look at the daily trading patterns. The market makers are in the shorts' shorts as the stock opens up every day and the MM's walk it down by taking out stops and allowing the hedge funds to close their short positions quietly and without pain. It sucks to see them get away with it, but if the pace picks up (as it seems to have done this week) the science and the data will be the mover in the next few weeks and months unless some BP (like Roche/Genentech) takes us all out at a measly profit so they can make a fortune in the future.
i hope I'm proven wrong, but I think we have been and continue to be caught in a Catch-22 scenario and there's absolutely nothing we can do about it.