Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Telit Communications (TCM) is still the number one most shorted share on AIM, even after releasing final results last Monday that were welcomed by the market and saw the shares soar 14.6% to their peak of 360p on the day. But with 10.5% of the stock out on loan to the alleged “smartest guys in the City” you have to ask yourself “What exactly am I missing?” So began my thought process as I sat down to dissect the accounts. Here are some quick thoughts:
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