Jul. 14 at 2:45 PM
$RCEL
Short Interest - WOW.
Short interest increased by 1 mln shares in the last 2 weeks of June to 5.6 mln shares.
As I posted several times, it looks like the shorting is done only when the stock is going down (and shorting makes it to go down) and when the stock is in an uptrend - the shorts are covering.
The next short interest report will be provide a confirmation if my guess is correct since the stock started going up at the end of June. So if the next report shows a decreasing short position - that would mean the shorting has nothing to do with the fundamentals of the company.
If someone knew about something bad is going on with the business and sold 1 mln shares short at
$5 (betting on the stock to go down a lot since shorting it at this point is a very risky proposition) , then they should be selling even more shares now at
$6. But there is no selling anymore.
Doesn't make any sense unless the shorting is done based on some factors not related to the company's business.
