Can't wait for AH today 😁😁
No guarantees but if some of this volume keeps up AH, I imagine we'll see some nice movement
u/Daxaconda — 10 hours ago
u/Daxaconda
Days to cover has shot up from 6 to over 18 in the span of a few weeks, doubling from last week. SI has remained persistently high and crept up slightly to 37%. Some posts claim real short interest is 118% but the math is wrong there, as it assumes all shorts held by the company, insiders, and institutions are illiquid.
On top of this, FDA approval for expanded ANKTIVA use is set for this week, earnings next week, and it is nearing the end of its bullish pennant pattern (around May 21st), plus the MACD is about to reverse.
What I want to see is a drop in and maintenance of persistently low share availability, which would likely be triggered by good news, and I want to see the cost to borrow go back up.
u/Daxaconda — 9 days ago
▲ 12 r/EMJX
The stock is clearly being suppressed already by shorts. You can see the large sell orders almost immediately after large buy orders throughout the day that instantly kills price action.
My question is, what's to stop them from continuing this after merger to keep the price down? Is there any counter to this or do they ever get tired of shorting?
u/Daxaconda — 13 days ago