Clever Leaves Holdings Inc (CLVR)

[kahlua]

I am certain that fintel data is not accurate. I just rechecked my notes from prior presentations and the current float after the PIPE share Lockup expiry is near 9.3M shares, so 2M shares short is about 21% of the current float although if they continue building up at 30% of average daily volume (currently 1.4M shs) they would add around 6.7M more by the end of the month, to a total of 8.7M shs. So, that being said, I do not expect the same aggressive shorting to continue unabated. My guess is this is a short momentum play based solely on the current yield curve increase slamming the nasdaq and growth/momentum plays. I would think they will look to cover in the 9 to 10 support range and frankly without a significant news release to funnel in new buyers, unfortunately,I’d imagine the shorts may win. What is even more frustrating about this is that Mexico legalization is imminent and yet the top tier Latam leader, which I believe is CLVR, is not even catching a strong bid. Hell even Khiron is up 50% in the last week due to Mexico news. Remarkable how big a factor the shorts really are at suppressing the share price at least in the short term. All imo