10 million shares were short going into yesterday's trading day... 22 million more were added in just yesterday's trade day.
My guess is the majority of the first 10 million were all covered early in the trade day which boosted the volume and triggered the run that sizzled off as they repositioned their shorts adding 22 million shares just yesterday at .0062 and higher!
Potentially 4 million of those added shorted shares were covered today but as much as 4-7 million more were added.
26-34 million total shares shorted against a volume of 6-10 million daily brings this back down between .0033 - .0036 very easily and frustrates many traders!
But that's when you buy again before they cover their shorts.
They DOUBLED DOWN yesterday!
Better convince alot of your friends and family to buy if you want to outpace them here.
The only way this runs through the .0075 range now is with volume of 15-20 million the next 3-4 days in a row. Today doesn't suggest that will happen.
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