CWTR Short Interest Up To 21.85%
The short interest in CWTR shares has grown to just under 22% as investors are betting that the economic slowdown, coupled with the companies miscues over the past 6 months will continue. This no doubt is a negative sign for the stock, however any bit of good news by the company could send the shares up by 20 to 30% in a single session.
I'm not recommending further purchases of the stock at these levels (above $8), but a "news pop" is a potential opportunity for longs recoup some of their losses.