RE:RE:Total short position is over 3.4 million shares As of June 1Bradwait wrote: Yikes. Makes me think this will get slammed. Hope not, but with that many short it would seem more like someone knows this is getting slammed. What do you guys think? Its only trading 318x higher than book value with no revenue to speak of. I really don't know but I can't see at this valuation how it goes a lot higher. Could be wrong and maybe it will. What do you guys really think will happen here. I'm out of shares and never short anything.
I know of a company with over $1.5 Billion in Assets, Over $3 Billion in revenue in 2019, EBITDA of $180 million last year equal to $1.13 per share and currently trades at 1/4th of book value of $5.03 with last traded at $1.26. Very close to the same market cap as Sona.
T.SES