MGC - Trading observations.

Super interesting - generally when a stock falls 50-70% you will see short interest dramatically increase. We havent seen that with MGC.. see pic. As you can see - very little has been shorted below $1.

So from my pont of view it tells me that long sellers have been getting out at whatever the price - it also means that it may bounce back quicker than expected.. why? well if short sellers aren't shorting.. & long sellers have unwound.. then the supply/demand imbalance to the buyside should outweigh given the undervalued nature(high div yield, low book value etc)

Not saying we dont hang around 98-102 level for a while, but just think its interesting to see selling pressure slow down. You cant sell twice.