08-10-2013, 07:30 AM
'Gator' pid='26871' datel Wrote:InterOil short interest rose by 384,914 shares to 11,817,669 in the two week period that ended July 31st. Shorts were not running to cover with the appointment of a new CEO. Welcome to IOC, Dr. Hession.
Thx Gator, The as of date of the short interest was 7/31. That day say the stock peak at 87.39. The next day ioc had a genuine short raid and the stoc k was knocked from 87 to 80.58 low, helped by planted bearish articles in the media. I believe the runup into 7/31 high was heavily shorted, which may explain why the short interest was higher, when other indications were that it should be lower. fwiw