All of these Chinese stocks with low floats have their days in the sun, but when there's no institutional interest, shorting is a piece of cake. Shorts have far more patience than longs and these runs are never sustainable. There certainly won't be any short squeeze, as there are plenty of shares available for shorting, not to mention when people start looking at the new business model, they'll realize this isn't the growth story they thought it was from reading the earnings PR. They'll see that growth sequentially over the last three quarters is flat and thus a P/E of 2 fits the bill .... or a share price of about $3.30 .....
"I really wouldn't recommend shorting any stock with this tiny share structure... your paytalk room has some serious balls shorting a stock with only a 2M float, regardless of how much it's up in the last couple days.IMO
However that's just me, so far so good i guess... Best of luck:)"
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