1 - Heavily Shorted:
SI: 30%
2 - Low Float:
5 M shares floating out of 50M
3 - $SKY Coin Treasury:
Owns 10%, earning approx. 6% APR
4- Gap to fill:
**a) $15.47**
b) $58.75
5) Read below and google AI the float:
Deal Overview & Mechanics:
• Rebrand: NovaBay shifted from eye care to a crypto holding company, trading as SDEV on the NYSE American.
• Funding: Raised $134 million via a private placement involving cash and stablecoins from investors like Tether Investments and Framework Ventures.
• Holdings: Holds \~2.15 billion SKY tokens (\~9.15% of total supply).
• Staking Strategy: Substantially all acquired tokens are actively staked in the Sky Protocol to generate yield.