Hey all. quick update, since we're seeing some significant movement.
[Last Friday's data](https://preview.redd.it/xblf3glcpl3h1.png?width=3803&format=png&auto=webp&s=16fec9ae4998fb4d0c1511d713ec166f8b23bf19)
[Live data \(could be buggy\)](https://preview.redd.it/uh64r5qgpl3h1.png?width=1908&format=png&auto=webp&s=d65633899b60a8c9a52d7a9aba53fc2e3c71bf51)
A few weeks ago I posted a follow-up saying LFVN’s earnings were poor, but the potential was still there since there was a strong floor at $5. With the cost-to-borrow being extremely high, all we needed was to have the price hold at $5, and it has, while also creeping up slowly until today. After earnings, the data was showing that old shorts were trying to slowly cover their positions, and they only covered 370k from 3.82M shares short to 3.45. Barely even 10%, the average CTB was rapidly rising because of new shorts that entered with 100-300% CTB. Absolutely ridiculous. They might be right fundamentally, but not mechanically.
If you look at the today’s short data, you can see the CTB average today was **268.58%**. That comes out to having to pay 0.73% of their short position value PER DAY. On a $8.90 stock, that's $0.065 per share per day, aka $6,500/day on 100K shares short. That's not sustainable for anyone, and it continues to get worse as the price increases. Also, there has been slightly more net SI, so a lot of today’s price movements were longs, and shorts are deeper in the deficit. (or I’m getting weird info from Ortex that should go back to normal tomorrow). Remember that the company has a buyback program open that they could use as a floor or pressure the shorts.
Although CAR had higher SI%, some of the numbers here compensate for that, mostly with the average CTB at 100% and climbing, as well as **0.00% available shares to borrow**. There could be things that dampen this trade, but I think this is likely just the start.
Good luck all.
If you want more background in this stock/play, feel free to visit here:
Part 1: [https://www.reddit.com/r/pennystocks/comments/1sxqb0f/lfvn\_either\_it\_will\_squeeze\_or\_my\_nuts\_will/](https://www.reddit.com/r/pennystocks/comments/1sxqb0f/lfvn_either_it_will_squeeze_or_my_nuts_will/)
Part 2: [https://www.reddit.com/r/pennystocks/comments/1t6pzif/lvfn\_i\_didnt\_hear\_no\_bell/](https://www.reddit.com/r/pennystocks/comments/1t6pzif/lvfn_i_didnt_hear_no_bell/)