Same group has been dogging this company at least since it traded down around $4... and they've mostly been getting their butts handed to them on a regular basis. Every other time they've generated an effort to dink it... it has been a clue in to a major buying opportunity. Usually, when you see these sorts of trumped up short sellers "investigations"... it's a clue that the shorts have been piling into the issue in anticipation of the success in the effort in a take down... in what is in fact an inverse of insider trading. In this case, check out the data from Yahoo:
Shares Outstanding5:62.49MFloat:55.74M% Held by Insiders1:6.82%% Held by Institutions1:93.60%Shares Short (as of Dec 30, 2011)3:6.10MShort Ratio (as of Dec 30, 2011)3:5.60Short % of Float (as of Dec 30, 2011)3:N/AShares Short (prior month)3:6.81M
So, that is what it appears to be that you can see here... shorts issuing threats, trying to scare people into letting them cover... before QCOR hands them another lickin...
Most interesting are the percentages... as, given the institutional holdings and the outstanding... the number of shorts means that EVERY SINGLE SHARE in the non institutional holdings... has been borrowed and shorted. Institutions hold 58.49 million shares... just doing the math to multiply the percentage instiutional holdings times the outstanding... so... the institutions alone claim to own around 3 million shares more than exist in the float to be owned... and, go figure, the number of shares short is DECLINING over the month to month comparison... as they try to cover. Looking at the trading patterns apparent on a 5 year weekly chart... and the charts show a pattern repeating that looks a lot like the first quarter of 2008... when the same group of shorts were doing the same thing... only, then, by a routine in methods that were significantly less reputable then publishing their opinions... as, back then, they were posturing as parents of infantile spasms patients while posting on Yahoo... and were actually screwing around with people's choices in how they should address treating their kids, while trying to hurt the stock price... |
