Yes it's being shorted alright all you have to do is watch level 2 and you can see it with your own eyes. Now whether those shorts are naked or not I don't know, but I do know by watching level 2 the MMs are using those short sells to manipulate the stock price. When you are seeing sells of unusual amounts (less than 100 shares) even as low as 5 or 6, 7, 8, or 10 shares followed by a penny drop in share price over and over again you can safely bet the MMs are manipulating and trying to take out stop-loss orders or to induce selling by retail shareholders. I've even observed sells of 1 share.
The only way to find out if it's being illegally naked shorted is through a forensic investigation and having a vast depth of legal knowledge pertaining to the laws that regulate trading. The technology now exists to find illegal naked shorting. That's what Roger Hamilton, CEO of GNS, and Wes Christian's law firm, and others are in the process of doing with GNS. I bought that one at .60 and holding 3 more that I think are on track to take the same trajectory. Only time will tell.
I truly believe if all illegal naked shorts had to cover all at once it would take down almost the entire Wall Street system because of their incestuous financial relationships. We got a small taste of that with Gamestop, AMC, and Robinhood.
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