Life, there is absolutely zero reason to short this stock. Behrens has a price target of $9 on the stock, and is the lone bear analyst, with 10 other analysts averaging around $55-$60, and most keep raising targets! Thing is, if the stock got down to $10, it would have a market cap of $414M, but with $300M cash or cash equivelents on the balance sheet ! That means Behrens with a $9 price target is valuing the company at zero !
Basically this stock action is insane, and is likely from illegal manipulation. Either way though, I share your pain, and wish for an end to this carnage day in and out lately.
I listened to the Conference Call today, and was impressed. It appears Valtessa is better drug than ZS-9, even though Astra Zenica bought ZS-9 and paid $2.7B ! I can't believe this stock action. It makes zero sense to me, just as Andrew Behrens persistant negative view in light of undeniable evidence that Veltassa is the superior drug to treat Hyperkalemia, and that the market & future revenue potential is huge.
CEO laid out very bright outlook for Veltassa. Label warning of drug interaction is a non event to doctors, especially after the very positive company data about drug interaction with the 12 biggest drugs. Huge untapped market, and he pointed out how Veltassa is much safer than ZS-9.
I don't get the recent stock action. $31 to $16 in 5 weeks is very upsetting.
If I had to guess, RLYP bottom was either $17 already, or possibly $16 should the indexes fall another 10%-15%. Hopefully the XBI, IBB, NBI, etc bottom this week if they haven't already. The sector has been in bloodbath for over six months, and hopefully the carnage is close to an end.
What are you talking about ? There are 41.5M shares fully diluted out of last 10Q. There are 14M shares being shorted as of 1/15 per nasdaq. That means 34% of all shares are being shorted. Who told you institutional shares can't be shorted ?
14M shares short & 41.5M fully diluted, means 34% short. Also why is the short interest increasing with every report ? Is there something wrong with RLYP that could make it so vulnerable to so much short interest ?