What has mgmt shared with Short Sellers? Very big miss in earnings? Weak outlook?
What has mgmt shared with Short Sellers? Very big miss in earnings? Weak outlook? It is apparent that short sellers have some solid insider information based on which they have been shorting this stock for months since even the stock won $27 mln contract a few months ago. Stock's decline from double digits to $3.20 is no brainer that there is something that the short sellers know. This has to be reliable insider information leak. What could it be? I suspect the earnings will miss by a huge margins in terms of both sales & profits. Outlook may not be that promising. Only such things could give a company $1 billion in hair cut. Whatever reasons but this stock is one of the worst I have seen from the daily declines for almost months. Can't even rise on a day when it puts out meaningful good news. 1 more day and we will for sure know why the short sellers comfortably kept shorting this stock for so long imho
why would anyone invest in a company that trades for 14 a share and makes 0 profit? This company is appropriately priced in the 3-5 range. It will trade in the upper part of that range if management gives some good guidance. But I dont see much downside from here unless management announces that Velti is literally a scam.