they ahve 25 M shares short not including the large put postion of well known hedgefund operators and with only 90+ M shares outstanding, they have many naked shorts. institutional ownership is up over 114%. ours is more like 145% as has been published by nasdaq. herbalife was up over 25% today. their short thesis is dead. i beileve that myriad's short thesis is also dead.
hlf did not move. there was no short squeeze in hlf. in fact, i think the SS is a chimera, a unicorn. and mygn is not like hlf at all, except to say that the short position in hlf is very, very well controlled at this point, as it is in mygn. with the ceo even assisting the short argument.
i still do not know the benefit of prolaris. although i am told there is one. and before you go OMG how do you not know that? apparently, not many others know it. apparently there has been a significant delay in the reimbursement ruling as well. june it was expected. now maybe august? or the fall?
sorry, i have not been too impressed at how they are building business momentum. neither has Zacks, neither the billion dollars in short bets.