Extreme Motorsports of California, Inc. (ETMO.PK) Receives Additional Coverage from Buyins.net
Buyins.net revealed its latest short sale data for Extreme Motorsports. Buyins.net is a service that builds massive databases from data it collects and analyzes in order to help shareholders fight short selling. Buyins.net reported that about 5.3 billion shares of ETMO.PK have traded for a dollar value of almost $14.4 million, and that approximately 410.6 million shares have been shorted at a volume-weighted average price of $0.0027. The website expects the first short squeeze to occur when shares close above $0.0003, where approximately 12 million shares have been shorted. A short squeeze is a well known situation where shorts must begin…