Float Runner Short-- Matrixx Initiatives Inc
| MTXX [NASD] |
| Matrixx Initiatives Inc. |
| Healthcare - Drug Delivery - USA |
Posted at the Lion on 1/09 with Live Chart version Click Here to Read Post
Interesting set of dynamics: against an infamous negative backdrop swirling in continuing litigation (re: Zicam); MTXX has current favorable TA, favorable float analysis, favorable FA ratios, and anticipated earnings report (due 1/25) -vs- a substantial short interest...
Additionally:
--Noted "heightened awareness" to the current flu season to which Zicam products may have benefited from in terms of increased sales
--Recent hiring of a new Ad Agency (duly noting that work doesn't look to hit the streets until April: Adweek.com )
Short Interest history peaked in Sep but is currently on back-to-back increases:
12/15/2009 1,965,684
11/30/2009 1,867,531
11/13/2009 1,818,159
10/30/2009 1,928,680
10/15/2009 2,131,552
09/30/2009 2,335,129
09/15/2009 2,241,372
08/31/2009 2,163,304
08/14/2009 1,963,360
07/31/2009 2,073,931
07/15/2009 2,134,554
06/30/2009 1,891,662
06/15/2009 387,965
Float Analysis:
TOR: 2.24%
Reported Float: 9,100,000
8MA: 203,440
WF: 658,332
EF: 1,723,513
RF: 4,512,156
EF% of Reported: 18.94%
Short Interest: 21.6%
Short Ratio: 5.2
1/8 TOR: 3.37%
1/8 Vol: 306,230
Would like to see a daily volume of ~325k shares for more effective pressure -vs- short position.
Posted by Cove Reflections at 1/10/2010 7:16 PM 
Categories: Float Analysis
Tags: Float TOR Short MTXX Zicam Matrixx TA
Categories: Float Analysis
Tags: Float TOR Short MTXX Zicam Matrixx TA
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