i was wrong too... i figured SOME covering would have taken place... thinking about it...
1.2 million shorts (want out?)... plan a bear raid... bear raid appears to work... down to $22... roughly 25.50-26 is the closing price for today's short interest #. Seemed like shorts had HIGH volume to cover into...
Turns out its actually up another 10 percent. AND, it appears shorts are HARDER to come by today then they've been even a few weeks ago with interest rates for borrowing on the rise.
And NOW we know insti ownership has climbed over 50% from low to mid 40s just in one quarter.
this is getting interesting... with the cost of shorting going up now, it will start to get more and more expensive to launch bear raids... which poses yet another challenge. I agree, noose is tighening...
happy thanksgiving all...
have shares generally been 'hard to borrow' for dmrc? Before recent time, I've honestly never checked it out.
Have to believe its been since mid to late last year when the short interest really started running higher.
i did 100 and 1000 and got same rate. I do have all shares on GTC sell well above market price.
agree tact... and that would be the point. Even a small efficiency repeated millions of times becomes a big efficiency... the benefit of a fully enabled package v just barcode would yield a great benefit ; esp as more and more packages become enabled...
comparing to rr donnally would be like comparing to sgs. Odd compare. Thinking of it differently, i guess if SGS or RRD came up with dmrc technology, it could viewed be a competitive advantage... Ultimately, though, would guess SGS would 'allow' other packaging comanies to use as in the end they would reap the profits... Ultimately, could result in a spin off...
rrd appears to have two segments per profile- traditional print and retail packaging...
and... if you do dd on large retailers... they are ALWAYS looking for the SMALLEST of efficiency improvements on HIGHLY repeated tasks...
what seems like a trivial amt of time to me... as one transaction... adds up quickly when its thousands or 10s of thousands per store per day...
And i watch for 'tough' to scan packages... where the way the package comes together.... causes the bar code to be consistently hard to read... the slow packages kill the throughput... It wouldn't eliminate them, but there would be fewer 'hard' packages to scan...
the common word: 'friction'... anywhere that package flows through supply chain, there's an easier path to connecting information about that product to every related business process... It doesn't HAVE to be leveraged on day 1... but its there to be leveraged if so chosen... even down to the consumer not having to pick up the product to scan it when its sitting on the shelves... i've seen folks doing that - EVERY SINGLE product they are considering buying... and blocking isles as a result....
the health benefit of not twisting ones wrist - which the cashiers are REALLY good at finding the bar code... that is a long term benefit, but would be a huge side-effect benefit... as more and more packages are enabled....
Its hard for me to come to the conclusion they wouldn't, at some point, leverage the approach. WMT is the lead tell... continuing to allow dmrc to market using their name is just one clear hint.
i read cnbc notes last night but watched video just now...
if you pull up their episode videos of mad money its at 36:45...
he said 'interesting interesting... don't have enough to go on... and then commented on another company - not in digimarc's space but in packaging...'.... he made the comment that he likes going horizontally in that kind of packaging space... so knew it was related to packages... but obviously that's just one (key) piece of it.
It was a good tiiming on the call... the nice pop today... he pulled up the chart and saw that... he's not one to speak poorly of a company that has just popped... unless he's got deep conviction.
GREAT JOB SEABIRD!!!!!!!!
its on target to collide with 20 DMA soon... early next week it could sneak above. 27.15 is about the dec 31st closing price... so would be flat for year.
28 and change and its close to a 50 percent retracement from 35.
Those all seem like good reasons to keep it contained technically
so that sounds counter intuitive. I personally hope short interest is down... seems to cause a nasty swarm.
Why would shares be hard to borrow AND short interest down?
there are aspects like that (closing capital markets) that truly damage a company forever. But yet our most basic disclosure laws require LONGS to state their positions, but NOT shorts or derivative holders. The year is 2015... how can basic things be remain so opaque?
and do recall Bruce called out in an earlier cc that a major retailer was incorporating discover tech into their own mobile app.
WMT was likely the pesky retailer that was bugging dmrc before DMRC wanted to let retailer #2 at the the technology.
WMT has been lending their name to DMRC's marketing and sales pitches since June.
nasdaq shows insti ownership up over 50 percent in spite of additional shares too.
now of course, how nice would it be to see SHORT positions equivalently. It is absurd the same rule doesn't apply to short positions...
irony is the institutions also likely bought at about $35 (or higher?) in Q3.
My response to the pick @$35 is do your own due diligence... kick the tires. If you did that at $35 and liked what you saw, then dipping to $26 and change should be viewed as a golden opportunity.
Reminder: this is a spec and subject to major market manipulation... be nimble.
Moral of the story is don't go all in so that you can be prepared for opportunities the market provides.
If you did dd, you'll see the story is the same and making progress... best metrics that are discernible are 4 POC testing retailers + 1 production. DMRC at capacity for enabling packages and scaling up with KEY partner SGS now. Walmart still a very visible marketing partner allowing their own private label product to be leveraged as marketing collateral during DMRC October trade show.
the transcript said single agent: '...We currently are waiting for the mature one-year survival data from the single agent sapacitabine study in MDS patients...'