After the three digit gain on Wednesday, yesterday UNIVEC, Inc. (PINK:UNVC) marked another new resistance level. The most impressive fact about this company still remains the lack of any news and current financial data, but in the last two days excessive shorting activity and the rumors of some “big things” UNVC is working on also add up. 
Yesterday UNVC closed the market at $0.0023 for a share, a 14.81% decrease from the previous close. The share price climbed by the middle of the trading session, however, reaching the highest value for the last six months of $0.0042, while the total trading volume was almost 106 million shares, also the heaviest for the past half a year.
The only news from UNIVEC is still that of the issuance of some new convertible secured notes at the beginning of last September, thus it would not be reasonable to expect that there is a fundamental base for UNVC value increase. Such lack of news and fundamentals looks perfect for shorting though, as FINRA data about the shorting activity also confirms.
From the above mentioned share turnover for yesterday, 27 million shares have been sold short, which makes roughly 26%. The day before, the percentage of short sales was over 42. According to OTC Markets homepage, the public float of UNVC is around 167 million shares as of July 18, 2011, thus the jump of the share value could have resulted from the shorting.
Ihub message board completes the information. A post from yesterday evening claims the company keeps silent for so long because it is working on “big things”, possibly to be announced in a “juicy PR” soon that would easily shoot UNVC shares in the $0.005-$0.007 range. It would not be the first time that some message board rumors make a stock appreciate, though in case no PR comes out the losses might be huge.
