The disclosed short interest has increased from around 4.5m to 4.8m shares (although dipped to 3.7m then increased again) over the past month (but is a couple of days old as always) i.e. the change is less than 1 days volume and only a fraction of the daily volume over the past month.
In the past 5 days there has been around 16m shares traded.
So, it is highly unlikely shorters are driving the price.
The price is highly likely falling because people who are long the stock are selling.
Stop blaming the short sellers!!!
Virtually every person who has bought since March 2015 is now underwater. This likely leads to people selling when/if the stock does increase again, which will cap some of the upside.
1PG is in a daily and weekly downtrend and looking very sick.
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