The majority of those short positions belong to institutions that have large holdings in the stock. They opened those positions to protect their downside against perceived risk going into Q2 announcement. And there was genuine risk. They will unwind those positions in an orderly way. Whether that's done by holding on to long positions while backing out of short positions or visa versa will depend on the individual fund managers take on this report.
AVH Price at posting:
$2.70 Sentiment: None Disclosure: Not Held
