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.
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