I can't say that. We will have to see what happens after the Hold is lifted or we get more clarity on it. Since the Hold started, volume has dried up and ADXS has largely followed the moves in the Bio indexes.
But unfortunately, the only thing I have real faith in when it comes to Wall St is their insatiable greed, so it's follow the money.
The shorts covered 5M shares in 60 days in Feb / Mar. That seems like it might have been a crescendo event? It's possible they press it more, or it's possible the entities that shorted this from the mid-$20s down to $2 are looking for a rinse, wash, repeat scenario. Namely they flip and go long until they get a better opportunity to go short again at much higher levels (maybe $8 to $10ish?).
So I'm not saying it has ended completely, it's just that since the hold there has been no real discernable pattern other than the fact that volume has dried up.
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