You could get a nice, but short move off $5 due to short covering.
Last month ESST's short position was huge .....over 17MM, half of float.
NASD short report should come out this Friday, the 25th.
It'll be interesting to see how many covered ESST in the last month.
If not many covered, perhaps this is the news they were waiting for?
FWIW, the only time I ever considered shorting a stock was with ESST, right after they first warned, several weeks ago.
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