ShortsUnfortunately, I won't be surprised if the shareprice gets slaughtered over the next two weeks. The shorts have increased to 200,000 shares. I do realize that it is a very small fraction of the overall amount of shares but the issue is the amount of buys on the bid side. Compared to the volume of shares traded and the bid I suspect the shorts will decimate this rally.
They will easily kill the price for their own benefit.
Unfortunate aspect of a thinly traded stock.
Honestly i am not sure as to why it ever occurred this high in the first place besides pure manipulation (due to the illiquidity and minimal amount of shares at ask) followed by FOMO.
Cheers