RE:Short position BrokerG wrote: We'll surprise surprise, the short position in WEED increase from 19% of float on May 22nd to 27% of float on June 25th. Coincidentally the share price has dropped from $13.00 on May 22nd to $9.00 today.
Until SAFE is enacted and the institutions can safely get in, this is trading stock only. The difficult part is trying to determine when the shorts want to take this back up. Our technical guys are saying it should increase a week or two before the expiry of the Schedule III public discussions, which end July 22nd.
Thoughts?
Short position traders are under contract to buy. This is something Roaring Kitty understood and coveyed very well to this YouTube viewers back a few years ago when GME did a gamma squeeze
Short positions can be a concern or an opportunity, it really depends on how you view it and can be extremely advantageous to Longs if the company releases any news which is viewed as Bullish