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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