Look $PHGE went to 2.7 pre market and have faded down since then. From 1 day to next the Borrow fee have went from 130.1 to 341.66.
I have watched the tape closely since like 1 hour before open market. The keypoint here is 1.6, it have been several hard pushes from bears but everytimr they got down to 1.55 since open, they brought it up to 1.6-62 then balanced around 1.57-58. Now when typing biggest controlled flush happened since open market in my eyes, went down to 1.48-49. It's common in this slow cookers, shake out weak hands and let bears think they in control.
For me it looks really primed for a nice squeeze, but nothing is certain and guarantee with a follow true. Its a slow cooker in my eyes.
This is no investment advice, do your own DD