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Analyzing Mei Pharma Inc's Short Interest

Mei Pharma Inc's (NASDAQ:MEIP) short percent of float has risen 10.86% since its last report. The company recently reported that it has 7.31 million shares sold short, which is 6.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.8 days to cover their short positions on average.

Why Short Interest Matters

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