Yes, nice buying action indeed though. 55K offered at 1.68 looked like an MM game to me. Definitely should be in play starting next week for sure. $1.72 break sends this back above $2.00 IMO. Easily.
2.2M shares short on CBLI as of 7/15 and I believe that number has increased. I think a few tried shorting end of day today as well. These will be burned badly when the breakout begins.
First target that I feel will be hit quite easily is $2.07-$2.15 range. Could potentially go much higher short-term with any positive announcement from the co.
Definitely will be interesting to watch soon - especially with the 1.72 clear break. Last pop in March did $1.50 to $2.28 in a week. This next pop should clear those highs.