LOL quote, "OCAT Shorts leaning the wrong way? "
Open short interest on this stock- as a percentage of float or any other standard metric is still pretty much noise level at barely 1%. It's pretty much non existent. A micro change in the open short interest is supposed to mean what exactly?
When the open short interest gets to 5% or 10% or more of float- it's being heavily shorted. Right now, nothing much at all is happening- it's a non event IMO.
The main driver at this point- is Lincoln has probably taken a break selling dilution shares for a bit to let the price take a "breather" and recover a bit- that's been their pattern on this for a long, long, long time. When they get back on the sell-side with their flow of dilution shares it will put down pressure back on the Ask IMO, it's the typical OCAT pattern.
OCAT lives off of Lincoln dilution at this point and will for a long time to come- per their own wording in their own SEC filings. They got no other source of survival cash at this point. Simple as that.
