1. Second most shorted stock in the market after their strongest Q2 earnings in history and shorts are doubling down not covering post earnings.
2. Shorts increased after the early August rally, instead of covering they doubled down. Short interest has doubled since June (pre-earnings) from 54m to 110m now.
3. There’s only 150k shares left to short down from 2.6m (fintel) and borrow rate is steadily increasing
4. Refinanced debt runway announced this past weekend removes the liquidity issues.
5. Go look at the chart and tell me it isn’t beautiful.