Well, to be fair, JBH and HVN are both retail stocks that have been heavily shorted in recent months but their SP are recovering.
I do not see this happening to MYR. Instead, the SP have been smashed again and again to new lows and judging by the short activities, there is no rush from them to recover. Instead, the shorts keep increasing.
I had hope that this would bounce back but I have to admit that my sentiment is quite negative on this stock. I would expect SP to trend lower.
If you check MYR's chart you will see that not many people have made money off this stock. It's been a downward trend from the start.
Hope you guys are the exception betting against these shorts.
MYR Price at posting:
74.8¢ Sentiment: None Disclosure: Not Held
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