It is extremely shorted per Ortex data. I am deep…they shorted to close loans that are old and trying to get out if the way of them. They are rounding 55 days on loan…interest is 7% and they are almost 50 million shares shorted of a 114 million share float. Literally we have hit a double bottom at $12.50….either this gets hammered in the buy side and they cover or it goes lower from here. I am currently 22,434 shares and 200 call options at $18 Strike expiring end of July. So I am all in on the squeeze.
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