This buyins.net report has some pretty big implications for RAYS. I find it amazing that RAYS has been able to continue to trade so strong and near to all time highs considering 33.5% of the trading volume is short selling.
At current levels, RAYS is in a perfect position to explode over the $2.50 mark on any significant contract announcement. This would spell disaster for the absolutely massive short position of 34.75M @$1.77 average
This explains the huge influx of posters condemning RAYS. They are on dangerous ground indeed. Any day here RAYS could announce huge contact news and the stock would move over all time highs in a heartbeat.
That could trigger a short squeeze the likes of which we have never seen before!
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