Short Interest 6/30/17 rose again to 1,039,410
Post# of 871
It was incredible for LWLG PPS to more than DOUBLE despite this MASSIVE SHORTING CAMPAIGN !!
On 4/13/2017 when LWLG Short Interest was basically ZERO the PPS closed at 0.75
On 6/15/2017 when LWLG Short Interest was OVER 1 MILLION SHARES the PPS closed at 1.55
Since the Short Interest has been VIRTUALLY ZERO for over 10 years, it is easier to see what happened if you just focus on the important dates where the MASSIVE SHORTING CAMPAIGN occurred >>
Here you go >>
Short Interest in (000's) so 1,039 is really 1,039,000 (over 1 million!)
____________(000's)____(000's)___(000's)___________
Date________Short_Int__Change___Avg_Vol__Days/Cover
6/30/2017_______1,039_______2_______212__________ 5
6/15/2017_______1,037______56_______214__________ 5
5/31/2017_________981_____717_______855__________ 1
5/15/2017_________264_____241______1,296__________1
4/28/2017__________23______21________298__________1
4/13/2017___________2_______0_________80__________1
How was this even possible? Ok, I will tell how!
1) Apr 26, 2017 LWLG announced 25Gbs proto with 50Gbs to follow !!
2) May 01, 2017 LWLG announced Dr Michael Lebby took over the CEO role, and issues his 1st Open Letter !!
3) May 18, 2017 LWLG ASM was AWESOME, all were SIMPLY AMAZED !!
4) Jun 12, 2017 LWLG CEO Dr Lebby was commissioned to report his study on Global Photonics Roadmapping in Netherlands, and LWLG was shown as best solution to break Industry price/performance metrics barriers Dr Lebby dubbed "purple brick wall" !!!
Remember, Dr Lebby will drop a news release of substance one day soon, and the pps could easily rise a buck in a single day, for example, our friends at IBM want to JV a project with us and provide funding, perhaps even a small percentage stake, what then for shorts?
By my calculations the weighted average of the MASSIVE WELL OVER 1 MILLION SHORTED SHARES is at roughly 1.42, so no great shakes if the shorts would cover here and go long and enjoy the ride with the longs, would prefer "one team" and everybody wins, this is my olive branch to shorts that they cover now and make their profits long!