Maxeon Solar Technologies Ltd (MAXN)

[motleytool]

They are not exiting their short positions. Short interest is dropping due to the .30 warrant conversions. The current outstanding share count must be well into the hundreds of millions for the cost to borrow to drop from 600% before July 4th to around 60% currently. Remember short interest is the ratio of borrowed shares divided by the outstanding issued shares. The current outstanding share count must be inaccurate for the borrow fees to be only 60%. Squeeze probability is now way less than 50%. My whole bullish position was based on factor of 10 math error I made calculating the in the money put contracts. I don’t believe there will be a significant squeeze. My avg was .178……I took my profit. GL.