Frogster recently intimated his thoughts concerning the shorts, the idea that the whole shorting business has been about stealth accumulation behind the guise of shorting attacks to throw the market off about intentions and to keep the sp in check to do so. I have similar sentiments concerning the shorts, there just doesn't seem to be any logical reason for shorting this much when the company is substantially de-risked. No doubt there are genuine shorters (if there is such a thing) in the mix but I think something else has been at play here since October last year. Its almost as if the instos decided: "Right, CUV got FDA approval. Lets acquire some of this company" and have bashed the price down ever since. Now with the recent stream of good news and with US sales beginning earlier than expected, the shorts are slowly starting to cover. Of course, recent trading activity might suggest this is the latest minor uptick which will then be smacked down to $20-21, but the trading is definitely different the last few days. Once Medicare/Medicaid sign off on Scenesse in the US the next tranche of clinics will open and then revenues will rise dramatically not long after. It would be a good time for the shorts to get out now...
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Last
$15.47 |
Change
0.080(0.52%) |
Mkt cap ! $775.1M |
Open | High | Low | Value | Volume |
$15.34 | $15.59 | $15.27 | $834.9K | 54.12K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 387 | $15.46 |
Sellers (Offers)
Price($) | Vol. | No. |
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$15.52 | 179 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 387 | 15.460 |
1 | 2000 | 15.400 |
1 | 179 | 15.380 |
1 | 179 | 15.350 |
1 | 179 | 15.330 |
Price($) | Vol. | No. |
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15.520 | 179 | 1 |
15.530 | 4 | 1 |
15.550 | 179 | 2 |
15.560 | 1999 | 1 |
15.570 | 179 | 1 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$15.46 |
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Change
0.080 ( 0.94 %) |
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Open | High | Low | Volume | ||
$15.45 | $15.56 | $15.28 | 6662 | ||
Last updated 15.59pm 08/05/2024 ? |
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