$SOUN Short Squeeze: 38% Float Short, High CTB, and the eBay Catalyst

**The setup on $SOUN is looking like a powder keg heading into next week. Here is the breakdown of why the bears are about to get cooked:**

**The Data**

**• Short Interest: \~146M shares (38.2% of float).**

**• The Trap: Most shorts are underwater, concentrated between $7.50 – $8.50.**

**• Cost to Borrow (CTB): Averaging 64.2% with spikes over 110%. The daily interest is eating them alive.**

**• Liquidity: Near-zero shares available to borrow at major brokers. It’s a 7.5-day cover period.**

**The Catalysts**

**The reported bid for eBay is shifting sentiment to "risk-on" for high-short baskets. $SOUN is a top-momentum scanner right now. If we see volume on Monday, Market Makers will be forced to delta-hedge, adding fuel to the fire.**

**Levels to Watch**

**• $10.00: Major psychological wall.**

**• $10.60: The 200-Day Moving Average. This is the ignition point. If we clear this, institutional stop-losses will trigger automatically.**

**• The Gap: There is almost zero volume resistance between $12 and $20. Breaking $11.00 makes this a vacuum to the upside.**

**The goal is to break that 200-MA ($10.60) on Monday/Tuesday to set up a "Gamma Trap" going into Earnings this Thursday.**

**Positions:**

**• $SOUN $10c 5/22**

**• $SOUN $12.5c 6/19**

**• 500 shares @ $8.40 avg**