InterOil's (IOC +8.5%) self-imposed deadline for final binding bids from potential partners in...

|About: InterOil Corporation (IOC)|By:, SA News Editor

InterOil's (IOC +8.5%) self-imposed deadline for final binding bids from potential partners in its Papua New Guinea project is encouraging, Raymond James says, because it signifies management's comfort with what's now on the table. But short interest is ramping up as deal skepticism remains, and the firm warns IOC is setting up for a short squeeze once the partnership news comes out.