sounds like the short squeeze is getting closer This issuer is subject to mandatory close-out requirements outlined in
NASD Rule 3210. For five consecutive settlement days, there were aggregate
fails to deliver at a registered clearing agency of 10,000 shares or more and
the reported last sale during normal market hours would value the aggregate fail to deliver position at
$50,000 or more.
According to the above news release the hedge funds are having trouble borrowing stock to sell short. This could start to bite them pretty hard.
I wonder how much money they have already lost covering the interest payments to borrow stock to short and the dividend on top of it?