Quite a significant short percentage at over 10% in NEA at the moment, if one of those takeover offers ever materialises (And I hope it doesn’t) the short squeeze would be brutal. I was lucky enough to have some Bellamy’s when the takeover was announced, ($5 price increase overnight) would have been a very painful exercise for those holding short positions.
NEA Price at posting:
$2.80 Sentiment: Buy Disclosure: Held