Can anyone enlighten me as to what is attractive to the short seller on IFN?The short percentage started on the increased slope at around 63c and the price has gone down mainly due to shorting since so how are short sellers going to anything from it? Are they buying as other short sellers opening positions?
The company is doing a lot better this year in terms of balance sheet, profitability and growth so where is the compelling attraction to risk so much? There is also a big risk of a big corporate buyer hoovering up a lot of shares cheaply on this stock.
If anyone on HC are shorting IFN and happy to discuss I would really like to know.