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Tuesday, June 15, 2021 11:28:28 AM
But this is consistently being walked down with tiny wash trades between MM’s, and they cover when they can.
There’s a total of approximately 250 million shares available to be shorted. They were all shorted as of last week. Now there’s about 8.3 million available, meaning that many have been covered.
With a strong catalyst and big buying pressure, along with the large amount of oversold shares and the stubborn longs here - it would be a bloodbath for the shorts. It’s too bad most retail traders are unable to buy OTC stocks - or this would have already happened.
But the point is - they are covering. But by bit, when they can.
Let’s see what the next few weeks bring.
$HMBL
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