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Energy Recovery CEO Doesn't Fear the Short-Sellers

Shares of Energy Recovery (ERII) have surged over 96% thus far in 2016, drowning the short-sellers who have increased their bets against the water desalination specialist along the way.

Not that the company's CEO Joel Gay is too worried about the naysayers, who have chosen to short 13% of Energy Recovery's shares at last check.

"We were recently reported as the number one performing stock in California over the last 12 months and fourth best performing stock nationally," said Gay. "We have and we will continue to be bad...