Well if you had a big short position I think now with the fundamentals and the general market turning up...... Its time to worry................LOL
UNIS $5.18 0.36 7.47% 319,077 NASDAQ-GM
5.18 USD = 4.83062 AUD
0.805103333 p/share
Lets see if the positive lead in the USA continues to have an effect on the sheep and the market moves up with UNS in its wake.
Check this out team
Settlement Date 6/15/2011 Short Interest 4,728,317 Avg Daily Share Volume 191,376 Days To Cover 24.706949 http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=UNIS&selected=UNIS#ixzz1QnCqKL1F
There are 16M shares (31 May Register announcement) on NADAQ so over 25% are shorted, if the daily volume is only 200K and they want to reverse the short it would take 23 trading days to do so with no other buying taking place.
Consider the fundamentals, plant in place, now validated product, two top 5 pharmas looking to sign supply agreements. A few quick announcements which have already been hinted at with real numbers and cash for the balance sheet and hopefully some further colaboration agreements with more cash and the poor old shorts will be destroyed in the rush to buy back on.
A 7% rise on 360K of stock !!! They have to get back 4.7M shares in the next 24 days and the market sentiment turns up on real cash flow sales, hope those announcements come quick.... god help them !!!!!!!!!!!! LOL
Its going to be fun to watch.
UNS Price at posting:
77.5¢ Sentiment: Hold Disclosure: Held
