I am not 100% certain but it looks like the shorts have climbed in recent days from 4.17%, to 4.20% and are now at 4.25% as of yesterday (evening). It also appears market sentiment is MYX is a buy in the 40's. And who said funds were watching? If, and it's a big if, i know, if we get a solid week or three of green overall (it doesn't have to be huge gains), those shorts are going to have to unwind at some point. Holding costs, interest etc. all add up and quickly eat into profit margins.
4.25% of MYX = ~67.2m shares. And i want to see that position(s) unwind rapidly.
I also think MYX might become a Trump trade, and by that i mean if he's keen on another manufacturing/trade war (he has previously singled out India too, most of the generic/drug manufacturing is done in India) i think pharmaceuticals is an easy target. And it would be a huge win for MYX. Not just in the Greenville site but the MCS as well.
MYX Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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