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Neonode, Inc. Message Board

  • mfcav01 mfcav01 Sep 26, 2012 7:26 AM Flag

    Short interest still rising

    According to NASDAQ, short interest as of 9/14 rose to 3,648,800. This is an increase of ~350,000 shares from 8/31 (10 trading days) about being late to the party!

    IMO, shorts and pattern traders have perhaps another quarter (2 at most) to play, then it's the long's turn.

    Sentiment: Buy

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    • I sort of agree with you on the current control thesis by shorts unless we see huge vol. emerging to form a rock bottom. Otherwise, any rebound will be a technical.....

    • Short interest as a % of the float is 15% ! This is a huge number,,,,
      IMO,, we'll see some covering real soon. NEON has usually released news as earnings approached,,,,,, 3.6 mil shares short will need to cover at some point,,,, If we get some decent news,,,shorts better look out,,we will head higher real fast.

      • 1 Reply to doccjcj
      • I read it as 11.06% interest with 9.25 days to cover. Which means to me is, hopefully next week we start to see pps rise with all the shorts covering. Come 10/19 will probably be seeing $5 or higher again. Right now is a perfect entry point for new investors. Low volume is hurting the shorts with the coverage time.

        Sentiment: Hold

2.19+0.05(+2.34%)11:32 AMEST