Agree Hasch. There are still the attempts to take the price down. The volume on those has decreased by at least 50% and they are being met with orders which eat the shares up and have greatly reduced the amount of the quick drops due to the attack.
Short squeezes are rare... 19m Sets the table for one. In this case I think the shorts get help covering.
No doubt, there will be another take down prior to earnings... Interesting, the last 3 weeks has been fairly benign regarding share price movement. First time they have increased the short count fairly quietly.
GT Tech had 1 customer. GT Tech had a flaw in their mfg process and could not produce usable product. GT Tech had been losing money for several years. GT Tech had large amounts of debt.
Yes there is the spec aspect of HIMX. But there are also new product wins already in production and a base business that does make money and NO debt with a large customer base...
Bullish option flow detected in Himax Technologies ( HIMX ResearchTrade ) with 1,300 calls trading, 1.3x expected, and implied vol increasing almost 5 points to 65.70%. Aug-16 8 calls and Jan-17 7 calls are the most active options, with total volume in those strikes near 730 contracts. The Put/Call Ratio is 0.19. Earnings are expected on August 5th.