If memory serves me right this is the type of move we were seeing when SPLI started running. 20-30-40% days -- not a problem.
My contention back then was that's it's a short squeeze from when Avworks Aviation went into hibernation, and sure enough it ran all the way up to teens rather quickly, with barely any resistance or news. Obviously the SS was much different, but this is running in the same pattern as it did then. Plus there's been a lot of accumulation that may have locked up a chunk of the float.
If this continues, I dare say 2's and 3's are gonna start creeping up here sooner than anyone imagined.