AU Optronics Corp (AUO)

has attracted a large and growing short position over the last six months. I’m not sure what they see, but so far they are fighting the trend. The short position has grown by over 10 million shares since the end of November and the average price during that time was 18.97. The average short since the end of November is now down by over $1.50. If I was short I would be very concerned. I didn’t dig into the fundamentals, but the most recent quarter, revenues increased by 85% and earnings were 1.12/share versus an estimate of just 0.48 I own some call options and a little bit of stock, which I intend to add to.