There is a lot of good info on these type of plays in the $SST and $BBAI threads. They were 2 very similar plays to this one, one worked and one did not. You can see the different theories people had as they played out in real time.
Also I noticed this and wanted to know if this was a glitch. Shorts have been readjusting their positions.
Shorts yesterday:
[Screen Shot 2022-03-17 at 5.56.06 PM]
Today:
[Screen Shot 2022-03-17 at 5.56.25 PM]
So the number of shares short remains the same, but the average price jumps $4? And the short position value jumps $6M as well. How is this possible? I understand maybe they bought back then re-shorted, but how does that affect the short position value? The difference in closing prices is not enough to justify a $6M difference.
Can anyone lend some insight on this? Thanks.
New SI:
[Screen Shot 2022-04-27 at 7.02.38 AM]
Seems like the new short shares were probably added during the bloody -30% Friday. Volume seems to be drying up, while shares short has doubled or so, I think it’s intriguing. If volume continues to be flat we could see the DTC increase soon. Although, idk how much stock to put into the DTC because it’s not like we haven’t seen >1M volume days on this stock before.