This stock is close to breaking out to all time highs and if it does, none of the 2+ million shares short will be in a winning position which may force some buyins. The company is due to report earnings on Monday November 5 so beware... I'm considering buying call options just in case the shorts have it right and the earnings reaction is negative.
Metabolix, Inc. is a biotechnology company that develops and focuses to commercialize alternatives to petrochemical-based plastics, fuels and chemicals. Its first platform, which will be commercialized through a joint venture with Archer Daniels Midland Company (ADM), is a large-scale microbial fermentation system for producing a family of naturally occurring polymers known as polyhydroxyalkanoates, (Natural Plastic). The Company’s second technology platform, which is in an early stage, is a biomass biorefinery system using switchgrass to co-produce both Natural Plastic and biomass feedstock for the production of power or liquid fuels, such as ethanol or other biofuels