|Hmmmm, really interesting. SIMO's short position has increased by 300,000 shares since the previous report. Up to 3.3 million.|
With SIMO at $54, I think each one of these 3.3 million shares short is a losing position. 3.3 million is about 9% of the float.
What makes investors want to short SIMO ahead of a potential increase in NAND production in 2018? The only reason I can think that that would make sense is if they know SK Hynix will stop buying eMMC controllers from SIMO and use the internal SK Hynix UFS controllers going forward. What else could go dramatically wrong for SIMO that it could outweigh the numerous potential upsides? ya got me.....