CSE:SPAI - Post Discussion
Post by
IClaudiusII on May 07, 2024 9:14am
Red Flag - “Shorts”
Often, promoters from boiler rooms will spread rumours of a short position and use figures they don't understand to support this stance.
For example: conflating short volume with short position. On SPAI, there was 230000k worth of shares sold short at an average of 38c, but going by volume of shares sold during this time period it was around 10% of the total volume traded which is normal.
Based on the updated short POSITION, there are only 4000 shares still short: an insignificant amount and shows that who ever has shorted has already covered so there will be no "short squeeze" here.
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