I did not trade the stock this morning but took liberties in buying eod and more in ah
There is far too much of the short interest in this name to not expect another nice leg up.
We are essentially unchanged from Friday's close at around $2.3x
When the shares traded all the way down to $2.01 this morning in premarket, I wasn't even awake. Those shareholders made the Lion's Share of the profit and I would imagine all that cheap stock got absorbed into the high-value that ensued during the intraday session.
We are trading at around $2.43 in after-hours right now and I do anticipate further volatility and short squeezing as the week progresses.
MULN issued a statement that they are well capitalized. I believe they raised something like 64 million dollars if my memory serves correct. Now all of the analysts will have to fair value the company based upon their cash position and forward-looking valuations