Code Rebel Corp (NASDAQ:CDRB) Short Squeeze Coming
Code Rebel has been battered by shorting over the last year, the average short interest has continued to rise but the stock loos like it has stabilized for now and the chance of a run, and a short squeeze, have now increased dramatically.
Code Rebel Corp closed down -0.160 at 2.500. Volume was 76% below average (consolidating) and Bollinger Bands were 72% wider than normal.
Open High Low Close Volume___
2.640 2.670 2.500 2.500 27,844
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish Turning Bullish
Long Term: Bearish Turning Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.72 2.66 6.03
Volatility: 214 255 212
Volume: 134,194 112,414 65,463
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
Code Rebel Corp is currently 58.5% below its 200-period moving average and is in an downward trend but has started to stabilize. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of CDRB.O at a relatively equal pace (Turning Bullish). Our trend forecasting oscillators are currently bearish on CDRB.O and have had this outlook for the last 7 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.
| Settlement Date | Short Interest | Avg Daily Share Volume | Days To Cover |
|---|---|---|---|
| 3/31/2016 | 261,434 | 144,726 | 1.806407 |
| 3/15/2016 | 143,664 | 23,127 | 6.211960 |
| 2/29/2016 | 176,310 | 11,253 | 15.667822 |
| 2/12/2016 | 179,863 | 14,137 | 12.722855 |
| 1/29/2016 | 204,085 | 162,944 | 1.252486 |
| 1/15/2016 | 81,381 | 296,135 | 1.000000 |
| 12/31/2015 | 93,758 | 7,954 | 11.787528 |
| 12/15/2015 | 98,067 | 9,211 | 10.646727 |
| 11/30/2015 | 127,519 | 6,985 | 18.256120 |
| 11/13/2015 | 143,584 | 8,361 | 17.173065 |
| 10/30/2015 | 154,938 | 7,404 | 20.926256 |
| 10/15/2015 | 164,441 | 9,801 | 16.777982 |
| 9/30/2015 | 152,613 | 23,433 | 6.512738 |
| 9/15/2015 | 146,096 | 70,045 | 2.085745 |
| 8/31/2015 | 163,964 | 21,587 | 7.595497 |
| 8/14/2015 | 159,491 | 64,353 | 2.478377 |
| 7/31/2015 | 102,568 | 38,926 | 2.634948 |
| 7/15/2015 | 86,762 | 16,035 | 5.410789 |
| 6/30/2015 | 29,761 | 25,012 | 1.189869 |
| 6/15/2015 | 23,808 | 25,216 | 1.000000 |
| 5/29/2015 | 7,593 | 54,242 | 1.000000 |
Code Rebel Corporation develops, markets and licenses its interactive remote application (iRAPP) terminal services (TS) solution. The Company’s iRAPP allows users of Windows-based personal computers (PCs) and Apple Inc. computers (Macs) to access programs on their PCs and Macs through a single device using a single monitor, mouse and keyboard. Its software provides interaction of a remote or locally networked Mac OS X server in a merged PC/Mac desktop environment. The Company markets and licenses multiple software products, which are grouped into three product families: client-side products, terminal server products and access products. Its iRAPP client-side products allow an end user to connect from a PC to a Mac remote desktop within the Windows environment. Its iRAPP terminal server products enable a number of end users to remotely access Mac computer applications and data stored on a central management server from a range of computer and mobile electronic devices. Its access products provide additional connectivity and functionality to its terminal services products.
The Company’s iRAPP client-side products include iRAPP Client for Mac OS X and iRAPP Client for Windows, which connects client software to iRAPP or iRAPP TS. Its iRAPP terminal server products include iRAPP, which is a single-user remote desktop server for Mac OS X that allows a single client to connect to a single server, and iRAPP TS, which is a multi-user terminal server for Mac OS X that allows multiple clients to connect to a single server simultaneously. Its iRAPP access products include iRAPP load balancer and iRAPP gateway. It markets and distributes its software products through direct sales and its reseller program. It has a network of approximately 17 resellers located in nine countries.
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