It looks like speculating activity has driven Allezoe Medical Holdings, Inc. (OTC:ALZM) share price up again. Yesterday the stock had another large jump although the company has not announced any news since it filed its quarter report. 
ALZM closed the last trading session with a 102.40% increase at $0.0168. RSI has crossed the centerline, while the trading volume yesterday was more than twice the average for the last three months – over 15.09 million traded shares just within one trading session. That could be a bullish signal normally, however, the chart shows also that ALZM had similar jumps just recently and they were immediately followed by a sharp decline.
Shorting activity related to the shares of ALZM has increased in the last two trading sessions, which could be a reason for the higher share price. On Monday, 23% of the total trading volume consisted of short sales according to FINRA data, while yesterday the percentage was over 44.4%.
Allezoe Medical last 10-Q came out in mid-January. In it, the company reports cash of around $153,000, negative stockholders’ equity of $3.55 million, and $3.4 million in current liabilities. Such numbers suggest ALZM will have to raise capital soon, and possibly dilute its shareholders, if it is to follow its strategy of becoming “the worldwide leader” on the market for organ and tissue preservation technology.
