gigantic increase in short interest, up 178K shares in 15 days, 41% of volume, as of trading from July 1-15
Forget insider selling. All the action is from shorts and shorting. The shorts have controlled this stock for the last few months. 433K shares traded during this timeframe. 41% of the volume was shorting. The share price actually rose 41c
short interest is now 871K shares, 10%+ of all the outstanding shares. And they are doing this just before another dividend too. The dividend gets announced this week, probably Thursday
Much of what you post is very off base. The heavy short positions might or might not be from this potential patent news. You have no idea at all and more likely this patent news is laughable and not to be taken seriously. I can't be sure but do not see this news as a worry. More worrie-some is the threat of a possible overall market correction and the continuous insider selling.
What is known from anyone with any experience in trading stocks, is that stocks that rise 25% or more in a year and see only insider selling, are attractive short plays. Short players also might see a red flag in this company's decision to have next to zero pr news. The fact that people need to rely on dbtunr to post card and coin numbers is very pathetic. This company's dead to the world when it comes to promoting their stock, which definitely factors into the short positions. If a patent lawsuit is a factor than that would be bad also, but I doubt it will be. All this said, the dividend remains the same and is very attractive and CLCT's basic numbers look good, so I'd think this is a decent opportunity to add some shares. Possibly in an overall market correction, some fund managers might look for some more conservative high dividend paying stocks.