Surge in Real Good Solar (RGSE) Attracts Short Sellers

September 27, 2016 3:18 PM EDT

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Today’s 150% run in RGS Energy (Nasdaq: RGSE) has attracted the interest of short sellers, according to one trader. The person said the short sellers are asking questions about its recent public offering of preferred stock and warrants and potential future changes to the number of shares of common stock issued and outstanding. The company also has outstanding shares of Senior Secured Convertible Notes. As of September 21st, 1.2 million shares of Common Stock were issued and outstanding. As of Sept. 26, the amount had grown to 2.07 million shares.

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