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Re: HOLYGRAIL post# 127903

Thursday, 09/23/2021 3:02:24 PM

Thursday, September 23, 2021 3:02:24 PM

Post# of 198824
If these sites are at all accurate, ENZC is getting shorted like 50% of volume nearly every day. (Even the green days.)

https://www.shortvolume.com/?t=enzc
https://www.otcshortreport.com/company/ENZC

I tend to stay away from "short squeeze" forecasts after Gamestop et al, but it's still a data point worth noting. In practice, it seems MMs can just naked short to infinity and overwhelm most markets, and/or things aren't as shorted as they seem. For example the other half of volume might be them covering a few cents lower after they trigger a mini-breakdown to pick retail's pocket.


EDIT: Am I reading this right that the latest short interest report included 6,668,872 shorted shares? That's only $750,248 to cover at current prices then, potentially double or more in a surprise breakout after catalyzing news. So probably not much of a short squeeze scenario at play though MMs covering shorts could still add momentum in a big run.

https://www.otcmarkets.com/stock/enzc/quote#short-interest