Breaking Short Interest: Time to Reconsider VIOLIN MEMORY INCORPORATED (VMEM)?

November 25, 2016 - By Darrin Black

Breaking Short Interest: Time to Reconsider VIOLIN MEMORY INCORPORATED (VMEM)?

Interested investors have been looking for information on shares of VIOLIN MEMORY INCORPORATED (OTCMKTS:VMEM) after the stock moved $-0.03, hitting the $0.21 price point in a recent trade.

It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, VIOLIN MEMORY INCORPORATED’s stock was big mover. According to the short interest report published recently, (VMEM) had 1.29M shorted shares for 2.0 days to cover. The prior short interest was 1.24 million for a $4.45 change. The 52-Week High and Low are noted here. -96.45% (High), 61.54%, (Low). The stock had 635,800 average volume.

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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.

Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.

So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.

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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.

Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.

In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.

A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.

Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.

More notable recent Violin Memory Inc (OTCMKTS:VMEM) news were published by: Seekingalpha.com which released: “Violin Memory: The End Is Near” on September 09, 2016, also Fool.com with their article: “Why Violin Memory Inc Stock Dropped Today” published on June 03, 2015, Seekingalpha.com published: “It Doesn’t Look Good For Violin Memory” on March 13, 2016. More interesting news about Violin Memory Inc (OTCMKTS:VMEM) were released by: Seekingalpha.com and their article: “Violin Memory: Stranger Things Have Happened… Right?” published on May 26, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Violin Memory Inc.VMEM” with publication date: September 27, 2013.

Violin Memory, Inc. offers a class of flash storage solutions to bring storage performance in line with high-speed applications, servers and networks. The company has a market cap of $5.72 million. The Company’s Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers. It currently has negative earnings. The Flash Storage Platform is a vertically integrated design of software, firmware and hardware, which runs the Company’s Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and logical unit number mirroring, as well as its suite of other Enterprise Data Services.

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