The next short interest update could be more important than today's price action. Nasdaq releases their short interest data during after hours today.
Things I'm watching:
\-Short interest above **8M shares** *(May 15: 6.53M shares)*
\-Short float above **15%** *(May 15: 11.82%)*
\-Borrow rate above **50%**
\-Days to cover above **2-5 days** *(May 15: 1.5 days)*
\-Utilization approaching **100%**
\-Price holding recent support levels despite dilution concerns
\-Any increase in failure-to-deliver (FTD) data
One metric alone doesn't create a squeeze setup.
It's when multiple metrics start moving in the same direction while the company is releasing positive developments that things get interesting.
With EngineRoom now announced and CXAI 2.0 still ahead, the next few data releases could tell us a lot about whether bears are increasing positions or starting to back off and a squeeze will happen