Not so sure, a few months ago the short position was 40-50million shares, those got covered without too much of a SP jump. Although I guess percentage wise a rise from 13c to 20c is pretty good, now slipped back again to 17 and thats where it lies. Looks to me like this stock has lost its drive either way. However it can't stay at 17c forever and given that the fundamentals are still excellent it will, IMO, rise the question is when?
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