Do you realize how incredibly heavily shorted ZN_is?-LOL
It isn't at 2% of "short interest", which isn't necessarily an actual Short position. When "short interest" gets up to 12%+, then there's something to look at.
Consider the scenario an insider sells some stock, that hasn't been delivered yet from the TA to his broker. It becomes a "short interest" position. In fact it's a temporary naked short position. When the TA delivers the shares, they are forwarded to the buying party wiping out the position. Reference SEC rule 203, which makes allowances for delays to share delivery.
No Short squeeze is going to save ZN Longs. There's really not that much to squeeze. And noooo, no one in their right mind Shorts a below $5 stock. The FINRA margin requirements make it very difficult. Yet as every Microcrap scam dies, it's always due to Shorts- which largely don't exist for penny scams.
Yes, with the Tutes exiting, it's entirely up to retail to support the stock. Do you think retail can take the PPS up to 0.70, by the end of Dec (MVLS deficiency), or $1 by the end of Jan ($1 deficiency)? Yes, a R/S could solve the later, but not the former. Only a matter of time before this one heads to the OTC.
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