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Sunday, November 28, 2021 10:21:47 AM
Wow! That's MASSIVE!!! Not.
Doesn't look to me as though the shorts are in control and about to send this to $1. Seriously, only 1.3% of the shares short!
https://www.nasdaq.com/market-activity/stocks/surg/short-interest
My guess as to who has been doing all this selling is some combination of pre-RS holders finally throwing in the towel and some short-term traders who bought above $4 on that day with all the volume.
Once this starts moving up the momentum can build on itself, encouraging people to hold. There is no point in selling a stock in the low $2 range if this is headed up toward $6.
I am obviously NOT an investment advisor.
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