At a year-high at 10,129,083 shares as of 8/15/12. +264k more short shares. Days to cover down from ~29 to ~21. As of 7/31 (previous report), stock was at $5.63. At 8/15, stock was at $5.17
Shorts banking on an offering in the near future. They are usually right. They will not have to cover on the open market, they will just cover with their bid on the offering at $4.50 per share, coming to a broker near you in September.
Um....the last offer, priced well above $4.50, did absolutely nothing for the shorts. in fact, the pps went up as many large holders jumped into the mix.So, as I assume, more short disinformation.
glad to see so many future buyers lining up. If we get a squeeze, it could be really special.
RobCos made a good point to me today. Lots of wts out there so not all of this may need to be covered. We'll see.