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Curious Action in Metabolix |
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Shares of Metabolix, Inc. (MBLX) are among the best performing today
as they gain more than 12%. While this company might not be a household
name, this is a stock that I touched on a couple of weeks ago when I
pointed out a story about it and bioplastics.
Even
though the company is an interesting story, the stock has struggled.
The shares are down 60% this year and hit an annual low on Monday. The
overall weak price action might be part of the reason that short
interest has been steadily increasing. According to data collected by
our Quantified Analysis group, 23% of the stock's float is now sold
short.
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