Not financial advice. I’m just staring at numbers instead of sleeping.
Here’s what caught my eye:
33.23% of the float sold short
31.6M shares short
**8.53 days to cover**
Institutions reportedly holding over 100% of shares available through reporting/lending mechanics
Short interest continues to increase
Everyone keeps talking about low-float lottery tickets, but this one has something I actually like: shorts aren’t just present, they’re committed.
The bear thesis might be right. Maybe the company is trash. Maybe the market knows something I don’t.
But when you have 31M+ shares betting on a collapse and it takes over a week of average volume to unwind those positions, all it takes is one catalyst to make things very uncomfortable.
Am I saying this is the next GameStop? Absolutely not.
Am I saying the risk/reward looks interesting with this much short exposure? Absolutely.
The market is basically a giant disagreement machine, and OPTU has a lot of people on one side of the trade.
If buyers show up, things could get spicy.
Position: Watching closely and nibbling.
? Maybe.
? Also maybe.
Welcome to small-cap investing!!!