In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.17% with $119.39 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BPMX.
Jerome Gibson @ Stocknewsjournal
and what does that mean.... Short squeezes result when short sellers cover their positions on a stock, resulting in buying volume that drives the stock price up.
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