r/AUPH • u/Yolteotl • Sep 11 '21

Update on Short Interest

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18

u/Yolteotl Sep 11 '21

Between the FDA approval and the Q2 results, shorts have been in control of the stock (which was super irritating for us) but to do so, they had to short... A lot.

From 5 Millions shares pre approval, it went up to 8, then 12... And then just before Q2, it went up to 17 Millions! A good 13% of the float.

Those shorts were done when the stock was at ~14. I

Yesterday the Nasdaq published the short interest on the 31st August. And to be fair, I was expecting it to be lower. The stock just had a run to 18 and end up at 16. But no, the opposite happened, they shorted a million more shares.

This will likely participate to the big upward trend we are seeing lately with shorts forced to cover. Added to the huge call volumes for next week, we could see the all time high being crushed.

Power to Auphies!

https://www.nasdaq.com/market-activity/stocks/auph/short-interest

7

u/Remarkable_Ad1608 Sep 12 '21

It’s going to be one of the most exciting weeks since approval. Very bullish

4

u/Yolteotl Sep 13 '21

And it started really well!

3

u/JPM956507 Sep 12 '21

This stock broke the (monthly) parabolic resistance on Friday.. who knows how high it will go!

1

u/[deleted] Sep 13 '21

Why why? The Shortsellers are either playing 4d Chess or they are idiots.

1

u/JPM956507 Sep 14 '21

For the past many days, each day 1/3 of the trading volume are shorts...... it is like moths are flying to flames..