The stock frequently makes large moves AFTER earnings reports and news announcements.
This demonstrates that there is not a substantial amount of insider trading right?
If all that information already were incorporated into the price, why would the stock move after the news became public.
Yes, I know I am taking an extremist position here, and I don;t fully believe in such a strong form of the EMH.
If I did, I would never trade stocks, but I do.
I have never been a bear on the products CYAN makes, but I think we are at the stage that earnings reports Conference calls make sense, but the WS Transcript interviews should be an optimistic sign. I think it demonstrates long term confidence by the CEO in the Company.
Does short interest affects the fundamental of the business? We should focus on whether the business can generate revenue based on our understanding and then our own investment decision. This is undervalued at current price,
Sentiment: Strong Buy
it appears that the short interest is about 16,278 shares compared to daily volume of 20,000 shares for the same timeframe.
It doesn't seem to be a big enough bet ($100,000?) to mean much to me, just market makers shorting on the way up.
Yep, the short interest went from 6152 shares on 6/14 to 16,278 shares on 6/28(last reported date). But the stock rose from the low 5's on the 20th to the mid plus 6's on the 28th of last month. So folks it's not unusual for the short interest to rise on a 25% plus rise in the stock over a short period of time. Take a pill and give it a rest.
According to TD-Ameritrade, the CYAN Short Interest (as of 06/28/13) is 0.47%. This is not A LOT.
I speculate that today's drop is, as other poster said earlier, a dip-sh&%t market order that triggered a few stops.