If that's the case, I may hold and see what happens. AR*A and S*N both had about 10% short positions and had some nice pops recently in the last couple of months so the same could happen here and with 25% being short, you could see $10 pretty quickly.
From a chart glance perspective $8.10 was the most recent high of the last pop so I'd like to see $8-$8.10 hold this morning.
Watching closely but volume looks very strong and healthy so far in PM as it's already churned out it's 10-day volume average.
I still expect to see $8.50-$9 tested during market today.
GL
Recent RNA News
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