Today was the second pullback in 10 trading days. Considering how minimal it was with a horrendous market background I'd have to say the trend is still intact and the trend is up! Where are the short sellers? If they truly can't borrow any more shares OVTI PPS will behave quite differently than it has in the past.
If the next short report shows that the buying was not caused by shorts covering OVTI, imo , will shoot up.I've seen stocks of companies move up in recessions after a good report even though they had high debt and little cash which is not the case with OVTI. There seems to be little doubt that we are in a recession.