I am sure he is already betting and in need of the stock to fall
I would like to buy more at that price, although I am getting more than I want as these prices it is like a lotto ticket, I have bought in many ranges and have not sold a share yet. Here is to the shares you shorted and I accumulated.
Yes seller at less than 100 shares and buyers at 500 plus shares. It is called accumulation by funds so do what they do and WAIT.
One would think the stock has oversold as down 35% in one week do to announcement, and to think the company had stated BEFORE new contracts that there was no need to raise money. IMO this company need more space to grow and that takes capital. GROWTH being the key work here.
At some point they are going to want to buy back in and that sure explains the level 2 100 share trade at partial pennies to lower stock down. I still think there will be substantial news released soon.
Sentiment: Strong Buy
It was my understanding that the shares floated was 2 banks that bought all of the shares. And they would not do that unless they were certain they could make a profit. Just my opinion
As statement Organovo registered to sell, and they have just filed so it is not a done deal and it would be smart to register sale of stock before a big announcement as I am sure Organovo knows it will be hard to sell on the open market of late, with more shorts wanting to cover and no volume. IMO they already have a buyer, as some institution off market. Or there is a major announcement getting close for disclosure.
what is said in the CC is what everyone should be waiting for, and IMO there is going to be something good for the investors. Just a guess and would not want to be short as who knows what will happen.