I agree Alan, even if NTEK is able to move up to t
Post# of 96892
Posted On: 12/11/2016 8:23:52 PM
I agree Alan, even if NTEK is able to move up to the higher exchange it will unfortunately, not stop the shorting or naked shorting.
As an example see these shorting figures from another company that went from penny to the higher NASDAQ exchange less than three years ago and currently trading at a pps of $3.31.
The latest Short Interest #s as of the close - 12-9-16
Total Short Shares about 1MM shares fewer than the last report, but avg days to cover increased by (4) due to the avg shares traded per day reduction since the last report. We're definitely off the recent high of 14.9MM shares (the highest since moving to the NASDAQ):
Settlement Date/ Short Interest/ Avg Daily Share Volume / Days To Cover
11/30/2016 9,168,439 782,490 11.717005
11/15/2016 10,268,197 1,349,382 7.609555
10/31/2016 10,067,667 1,950,049 5.162776
10/14/2016 14,863,763 763,020 19.480175
9/30/2016 14,048,204 684,673 20.518122
9/15/2016 12,625,060 763,621 16.533149
8/31/2016 11,981,978 1,010,320 11.859587
8/15/2016 11,370,676 1,316,735 8.635508
Everyone needs to write their congressional reps and ask that the naked shorting be stopped, YESTERDAY! Until everyone participates to put pressure on Congress things will stay as they are.
As an example see these shorting figures from another company that went from penny to the higher NASDAQ exchange less than three years ago and currently trading at a pps of $3.31.
The latest Short Interest #s as of the close - 12-9-16
Total Short Shares about 1MM shares fewer than the last report, but avg days to cover increased by (4) due to the avg shares traded per day reduction since the last report. We're definitely off the recent high of 14.9MM shares (the highest since moving to the NASDAQ):
Settlement Date/ Short Interest/ Avg Daily Share Volume / Days To Cover
11/30/2016 9,168,439 782,490 11.717005
11/15/2016 10,268,197 1,349,382 7.609555
10/31/2016 10,067,667 1,950,049 5.162776
10/14/2016 14,863,763 763,020 19.480175
9/30/2016 14,048,204 684,673 20.518122
9/15/2016 12,625,060 763,621 16.533149
8/31/2016 11,981,978 1,010,320 11.859587
8/15/2016 11,370,676 1,316,735 8.635508
Everyone needs to write their congressional reps and ask that the naked shorting be stopped, YESTERDAY! Until everyone participates to put pressure on Congress things will stay as they are.
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