Still cannot fathom why NEA is favoured by the shorters. However they seem to have an ability to periodically drive the SP down in an environment where there is no negative news etc. Surely the instos who bought at $2.79 are not dumping the stock? Perhaps long term holders are simply not interested in adding to their portfolio so a bit of shorting action goes a long way?
Hopefully we will get an upside surprise on the 17th sufficient to burn the shorts.
NEA Price at posting:
$2.35 Sentiment: Buy Disclosure: Held