Looks like shorters continue to believe just like us continue to hold. May be some positions closed yesterday and new ones opened by the look of it. When I do some analysis on the past 3 years history there is still a huge amount of volume (like around 60% of outstanding shares) that was bought below $7 range. I guess people believe the price to go down once after the institutions stop buying. When the price drops those people could sell and still make a decent profit. This is just my theory on why there are so much short on this one and why it fell from heights of 21+ and 17+. Lets hope it doesn't happen this time around and those people also see the worth of the stock is above $15 at min.
NEU Price at posting:
$14.35 Sentiment: Hold Disclosure: Held
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