Yesterday Nanologix Inc (PINK:NNLX) shot up after it issued a press release on the OTC Markets.
In fact, the company has been building momentum in the last couple of days. On Tuesday, the trading volume exceeded the daily average and continued bulging up in the following days.
Yesterday the volume exploded after more than 624 thousand shares were exchanged. The increase in the trading activity was nearly seven times higher than the 3-month average volume.
Later during the day, when FINRA published its daily short volume statistics, it became clear that 268 thousand shares were exchanged in short transactions, which is 43% of the whole trades for the day.
NNLX share price has also been rising on the shoulders of the bulging volume. Yesterday, the value of NNLX stock increased 6.67% to $0.48 per 
share. On the whole, during the momentum wave the stock price has increased by $0.04, from $0.44 to $0.48.
The catalyst of NNLX spike was the announced comprehensive operations summary by the company. According to the press release, the company had revealed an exponential drop in detection and diagnostics times for active threat bacteria and amoeba.
The company, however, maintains a no information status on the pink sheets market and has not filed any reports for years. In this regard, investors would hardly see any 8-K connected with the issued summary of operations.
