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Post# of 114149
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researcher59

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Re: hweb2 post# 108947

Monday, 11/27/2023 1:56:11 PM

Monday, November 27, 2023 1:56:11 PM

Post# of 114149
DRCT short covering is not a factor today because any covering is being fully offset by new short positions. That's why the borrow rate is 105% at IB and yet there are NO shares available. So there's no NET short covering going on. It's a momentum frenzy OR some investors have figured out that the numbers are for real and think the stock is worth $20+. Who knows for sure what's driving the stock ? In any case management would be wise to do a capital raise ASAP to pay down the debt.
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