Originally Posted by
BiffleBalls
I just wonder why it went so low...
Because the stock has 2.1M shares that are shorted (as of 6/15), and growing. It's well below it's IPO price, and when you see 750k volume on a day the stock is down, that tells you that the stock is getting hammered.
Look at the daily short volume (most recent info), it's around 25%. Meaning that 1 out of every 4 shares traded these last couple weeks, is a short sell.
Hedge funds are betting against the valuation, plain and simple.