XpresSpa Group Inc (XSPA)

[Spacen]

Not necessarily. There are a couple of different ways this can play out. In my experience, with every dramatic spike in PPS, there is a corrective drop shortly afterward. We may have seen a peak today, or will on Monday, in the short term since there aren't any hard numbers to put behind it. Settlement talk is still just talk. There aren't any hard numbers with which to determine a value, only speculation. If there isn't any additional news for several weeks, the stock could easily grind back down to the $2.90s or even lower. A short probably knows that the stock will have stronger support in the low $3 range now but also knows a corrective drop is likely without any additional news. They may be waiting for that opportunity to cover.