155% borrow rate, rising price from 5$ to 8$ last week, consistent support at 7.80$, near 0 shares to borrow consistently.
Its been 5 days at the elevated CTB and a dividend payment, most shorts entered around 5.50$.
They have already eaten away close to .50 cents of possible profit, the company is debt free and profitable. Its not going to go out of business. The best hope they have is to drive it to 3$ and try to get out.
Thats not going to happen with no shares to borrow.
This is a pressure cooker close to blowing the lid off, forced covering will occur soon as we rise to 9.50 consistently.
Get ready