After trading as much as 20 higher earlier in the. The 3.73 million shares now sold short is a record high. 2:10AM EDT What happened Another day, another big decline in share price for Helios and Matheson Analytics (NASDAQ: HMNY) stock. Short interest on the stock has been surging since late 2016, including a 19.1% increase in the last reporting period. Helios and Matheson Analytics (HMNY) stock is making a surprise return to the news cycle Wednesday after the launch of a MoviePass countdown. Some of this interest in call options could be short sellers looking to hedge against an unexpected upside move. Latest Financials - Helios & Matheson Information Technology Ltd. The security's intraday high so far today is $7.49. Those who bought to open the options were hoping to see HMNY shares rise above $7.50 by the close on Friday, Jan. Looking closer, the January 2018 7.50-strike call saw the largest increase in open interest during this time span. For example, nearly nine call options have been bought to open for every put during the past 10 days across the exchanges - though volume has been light on an absolute basis. Overall, Helios and Matheson Analytics has nearly tripled in value over the past six months, and data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) suggests options traders may be betting on even more upside. A month later HMNY was trading below $14. Get the latest Helios and Matheson Analytics Inc (HMNY) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. Then in September the shares began to rally once again, eventually trading as high as $38.86 in October - even as Citron Research warned investors about the stock. Looking all the way back to last May, the equity jumped after acquiring the license for IsItYou's facial recognition technology, though it quickly gave back most those gains. This is just the latest outsized move in what's been a volatile year for HMNY shares. According to Reuters, the service had only 20,000 back in mid-August. IT stock Helios and Matheson Analytics Inc (NASDAQ:HMNY) is trading up 3.3% today at $7.15, thanks to news that the company's MoviePass service has surpassed 1.5 million subscribers.
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