$IBIO: Why I'm watching this $70M biotech - Short % rising, volume waking up, resistance $1.70-$1.90

Ticker: $IBIO - iBio Inc

Price: \~$1.35 | Market Cap: \~$70M | 52W: $0.56 - $3.82

TLDR: 7.78% of float short, DTC 4.8 days, short interest +10.31% MoM. Interesting micro-cap setup, but NOT a squeeze yet. High risk biotech.

1. What is it?

iBio is a pre-clinical AI biotech focused on obesity / cardiometabolic + AI antibody discovery. No commercial products, no revenue, burns cash like every micro-biotech.

2. Hard Data (MarketBeat / FINRA - May 29, 2026):

\- Short Interest: 3,760,082 shares

\- Short % of Float: 7.78%

\- Vs previous report: +10.31%

\- Days to Cover: 4.8 (Avg Vol 808k)

\- Outstanding Shares: 49.68M

3. Why it's on my watchlist:

\- Micro float + low market cap = volatile

\- DTC near 5 means if volume comes (3-5M+), shorts can't exit fast

\- It has history of squeezes in 2020-2021

4. Why it's NOT squeezing now:

\- 7.78% is high but not extreme (>20% is the classic threshold)

\- Volume is still near average (last day 911k, 113% of avg)

\- No catalyst in last weeks

5. Risks (the part pumpers skip):

\- Dilution: iBio has used ATM offerings to raise cash in the past

\- Financials: EPS -$1.75

\- At $1.90 I am down \~29% - this can go lower

My position: 700 shares @ $1.90 average. No options. I am holding but prepared to lose.

This is not financial advice.

What would make it more interesting?

\- Close above $1.70-$1.78 on >3M volume

\- Next short report >10% float

\- Real company news

Source: MarketBeat Short Interest IBIO, Finnhub

Happy to hear bear cases too.

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Chart is illustrative trend based on Finnhub 52W data, not exact tick data - current price ∼$1.35 verified today"