Singing Machine Company Inc (MICS)

[hweb2]

I'm guessing NILE bought a few thousand more today. They're trying to drive the price higher and force a low float spike and/or short squeeze. So far it's working. But we'll see what happens after earnings.

I don't think there's any way of knowing the exact short %. So I'd be leery of any poster who says different. Or any website. Even a site like seeking alpha, which I also use. I've seen goofy things where a website will label all the sell volume for a day as short volume...then use that as % short. Then people post that on stocktwits, even though it's clearly wrong.

Fair point on the shrinking float. I'd guess the short % is more like 10-20% but who knows. Still don't understand who in their right mind would short this with NILE buying the float. I've shorted hundreds of stocks over the years. And this one looks like a VERY dangerous short. I mean why would you risk losing 100% (or more) in a day? That can happen when the float is gone. I saw it happen with AWX.