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TenKay

07/05/23 8:05 PM

#59014 RE: shamalamadingdong #59011

MULN’s last reported short interest was about 27 million shares. That is about 10% of the OS…as of a few weeks ago…the OS is likely a lot higher now.
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I-Glow

07/05/23 11:20 PM

#59025 RE: shamalamadingdong #59011

You have been reading too much nonsense on Reddit about GME.

I doubt you have ever shorted a stock - if so you would know that it isn't possible for the entire float to be shorted - because most of the stock is held in Cash accounts where you can't borrow the shares.

"2 hours ago 2023-07-06 00:56:54.186 450,000 (shares available to be shorted).

And comparing Mullen to GME isn't practical - GME was close to $25 so there was room to be shorted - it isn't economically feasible to short stocks below $2.50 - and Mullen is at $0.17.

And there isn't any naked shorting.

Read about your brokers margin maintenance and you will have a better understanding about why it isn't economically feasible to short a stock at $0.17.

IG