Given today's volume & price movement, maybe I was a bit hasty, but one day doesn't prove much. On the other hand I will be delighted to be proven wrong.
From Google Finance:
"The stock of Hydrogenics Corporation New (NASDAQ:HYGS) registered a decrease of 23.88% in short interest. HYGS's total short interest was 282,400 shares in June as published by FINRA."
I have been a loyal investor in HYGS for the last 2 1/2 years. During that time I have been completely convinced that HYGS has a huge untapped potential and that it is more than just another "Story Stock". I consistently bought at higher and lower prices and have built a much larger position than is prudent (yet not 40,000+ shares like you-know-who the Genius who has been awfully quiet lately) and never sold a share. Of course now I have a rather large unrealized loss (like most of us) and it pains me to see it slip lower week by week when that same money could be much better invested in a whole slew of stocks that are moving today. When the DOW recovers over 400 points in 2 days and we lose another 1/2 point or so, I am quickly losing faith. Is it just another "Story Stock"? Maybe or maybe not, but it sure is quacking like a duck........