This morning’s slow open on light volume looks less like weakness and more like a repeat of the recent pattern — a low-liquidity shakeout early, followed by steady accumulation as the day progresses. With only four trading days left before the Q, sidelined buyers, shorts, and momentum traders all face a tightening clock, which typically compresses supply. If volume merely reaches ~75K by the close — still below recent “rip” days — that alone could be enough to push price through the $16.50 area given how thin the effective float has become after the reverse split. Importantly, estimated short interest still in the ~350K+ range means even modest covering layered on top of natural buying can create outsized moves. What looks like “nothing happening” early can quickly transition into a rampant bid chase once liquidity dries up. In that context, a quiet morning is not bearish — it’s often the setup for an imminent repricing as participants position ahead of the catalyst window.
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