Just checked Stockman Short Report, and as I thought it's not that high.
.65% at May 6th .76% at July 8th .91% at latest
The stock price went from $ 7.16 on May 6th to $ 4.27 on July 8th (approximately 4 week period) and then continued to decline.
As often discussed on this forum. with no apparent reason and despite the CEO's affirmation that the business was on track. (Although a poster did some calculations that may have pointed to two major investors selling down)
Acknowledging the $ 34 million legal settlement and the GR takeover of Mithra, the two rhetorical questions I have are;
Is the company now in a better position financially than it was in May when it was trading in the $ 7s
and
How long will it take to regain that level ( in light of the unexplained punishment of the stock and changed macro environment - including interest rates)
MYX Price at posting:
$4.38 Sentiment: Buy Disclosure: Held
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