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Message: short interest drops below 3 million

short interest drops below 3 million

posted on Mar 14, 2009 09:18AM

the nasdaq short interest plunged again, to 2.92 million shares. i'm not sure what's behind it, but there has been a wealth of good news lately. the huge increase in the snowfield resource, the return of the much improved san agustin project, and most important of all, the impending completion of the pirquitas mine removing most of the company risk. or maybe the return of the uptick rule means shorting stocks won't be as much fun any more. whatever the case, the shorts may finally have figured out there isn't much downside left in this stock.

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