Good morning everyone, Update- Inventergy Global (NASDAQ: INVT) was by far the #1 gainer on the entire NASDAQ exchange (Our 7th time this year- https://ca.finance.yahoo.com/gainers?e=O) on day one of our short squeeze coverage. INVT securities at one point were up over 100% on the day after opening at $1.35/share and hitting a high during the the day of $2.82/share. BuyIns recently reported short sale trading in Inventergy Global (NASDAQ: INVT) after releasing the latest short sale data through December 11, 2015. The total aggregate number of shares shorted since June 2014 is approximately 5.96 million shares (adjusted for 1:10 split). Approximately 28.52% of daily trading volume is short selling. The SqueezeTrigger price for all INVT shares shorted is $3.61. The 3.5 million total shares shorted below $1.96 have begun squeezing as the share price has exceeded this level. There could be a lot more to go here. We will be back with a final update before week's end. The Team If you missed the original report see below
12/29/15 - 9:30 AM Good morning everyone, I hope everyone had a great holiday and a chance to read our update last week. Our New Years squeeze play has undergone a recent reverse split significantly lowering the amount of shares in the float. After an initial run the short position has gone crazy. This is also evidenced by the chart. Inventergy Global Inc. (NASDAQ: INVT) Shares out: 4.22M Float: 2.7M Held by insiders: 36.42% Held by institutions: 9.2% Short interest according to Nasdaq.com 206k shares- http://www.nasdaq.com/symbol/invt/short-interest Short interest according to Yahoo finance as of Dec. 15th, 2015 was 206.15k shares or 8.17% of the float compared to a mere 6.82k shares short the prior month. http://stockcharts.com/h-sc/ui?s=invt We will be back with more on INVT. The Team |
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