Aug. 19 at 1:48 PM
$ALMU Short interest as of 7/31 is up 20% from the 7/15 level to 956,723. We also got the institution numbers from 6/30 filings and we can see all the indexers who bought after the Russell 2000 inclusion--Blackrock, Vanguard, etc. Those ~2 million shares are essentially out of circulation. AWM, who was a buyer of 825,000 shares in the secondary at 5.25, sold out completely. Nice trade. I used to think Klamkin shares were out of circulation as well, but surprise surprise. Not so. However, there are essentially 7 million publicly known shares that are unlikely to trade. I suspect a few million more in very tight hands. So, there may be only something like 6 or 7 million shares in the float, and a million are shorted. It will just take a good call with good news to light the bomb.
