My guess, they appear to want to hold over the PDUFA date, hence the increase in shorting again immediately after.
If this happens, then expect a short squeeze if MSB gets approved as shorts need to exit and share holders on the sidelines awaiting a lower risk entry pile on in, and MSB announces the expected partnership(s). The more they short, the more the price will stay down here, the more they will need to purchase to exit, the more they will need to short. Perfect scenario for holders.
I think given the circumstances ( the other trial states ), shorting at 90 cents seams to me to be a little to greedy. If the price were $4 or $5 now- sure I'd buy that, but at 90 cents..... for holders we are talking an easy 400% rise after, but in my opinion there is no chance the price is 400% overvalued. dropping to 22 cents. Most holders now can see the blockbuster CLBP trial in view.
22 Cents for example - would give a market cap that is only 10 times the royalty income from Temcel!
The SP outcome will be more beneficial for holders than shorts.
Shorts have already increased by 1% since the Capital Raise, to keep the SP down!
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8 | 68533 | 1.430 |
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Price($) | Vol. | No. |
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