PURA PPS On Verge Of Breakout Back To Recent $0.09 High After Pending Short Cover
March 01 2017 - 12:24PM
InvestorsHub NewsWire
Dallas, TX – March 1, 2017
– Wall Street Corner Report
Puration, Inc. (USOTC:
PURA) is on the verge of a PPS breakout as a month of short
sellers attempting to cover comes to an end. On February 2,
PURA was one of the most shorted stocks on the OTC. Again, on
February 22, PURA was one of the most shorted stocks. Short
sellers have continued all month to sell short every day (see chart
below) in an effort to hold back the PPS and cover their short
positions. Short sellers have found now eager sellers willing
to give up long-term positions. Between the short selling to
hold back the PPS and the high volume short selling on the
2nd and the 22nd, short sellers have failed
to cover their positions. February has ended and the shorts
are on borrowed time. Month end reconciliations are coming
and so is the buy-in to cover their outstanding short
positions.
Stock Technical Analysis (stockta.com) continues to rate PURA
BULLISH in the long-term making the outlook for short sellers even
more bleak. Hold on to your hat and get ready to see the PURA
PPS breakout above $0.06 and reach previous highs of $0.09.
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