HyperSolar Inc (OTC:HYSR) was covered by a lot of promotional newsletters yesterday.
The result is visible on the stock chart – a protruding volume bar and a large white candle depicting the increased shared value due to the created hype.
On the whole, HYSR surged 69.09% to $0.093 on a volume of 5.752 million shares. The trading volume was tens of times higher than the daily average which is only 149 thousand shares. In fact, the volume generated yesterday was the highest in the company’s history.
The short volume data which was published by FINRA at the end of the day showed that 1.6 million shares were exchanged in short transactions. This was roughly 30% of the whole volume.
The campaign, which created the hype around the stock, included numerous promoters, most of which are owned by Blue Wave Advisors. According to the disclaimer of one of the newsletters, the campaign was paid in stock in the amount of 1.9 million restricted shares.
Apparently, market speculators will have to estimate the impact of this stock compensation on the share value and on this basis decide what measures to take against the dilution of their positions in HYSR.
