The number was finally updated, up to the 15th of May RVX short interest was at 179,100....down from April 30th's 212,700. That's a decent enough drop....but 179,100 is still a bigger number than we've been used to seeing for the past year or so.

Its good to see the number falling of course. The bears have been covering from the April 15th number of 219,100 to the current 179,100....a drop of 40,000 in one month.

Hopefully we'll start to see gap filling between the current share price and the $3 area when the short number shot up from 78 odd thousand to over 200K. My "theory" is that the short selling has been a manipulative ploy designed to drive the price down in order that "smart money" players can accumulate.

This is of course just a theory.....it may very well be that those behind recent short selling, pushing the short # north of 200K+, that its a genuine bear play with traders looking to profit from RVX dropping from its April highs when it briefly touched the $3 mark and that its not designed to help anyone accumulate a sizeable line.

But whether its manipulation or not its good to see the number going down.

Here's the numbers, hopefully the number has dropped further in the past 3 trading sessions: