$BCRX Most likely the reason the institution percentage has gone down a little bit is that they have been covering their short "hedged" positions with their long positions. They knew when they shorted against the box that they would be sacrificing some of their long position but they were just hedging or protecting themselves. My guess is that the next few looks at the short interest on the stock it will be lower. They know their will be a substantial rise in the stock price. invest-faq.com/short-agains...
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