shorts now up to 672,638 shares. This is as of May 15 which was the 300K share trade day and the recent low of the stock. So at it's low, shorts were at the high. Why didn't they cover? The only downticks are shorting and shorting is met with aggressive buying when the price gets attractive.
This is a thinly traded illiquid stock and even 10K shares can move this. I wish CLCT would move to a monthly dividend rather than a quarterly dividend.
monthly dividend would be awesome, but there would be additional cash flow issues associated with that change, as well as internal costs to affect the transfer of dividends to the shareholders. Probably won't happen.
true. Cut it to 10c/month, $1.20/yr. Company would be cash flow even. The whole reason for shorting would be gone. They have plenty of cash for the cash flow issue. I really think this would be seen as a net positive