Interesting to see the short position on this stock still growing. it has increased T4 from previous which means that the instos shorting have been selling at 30 cents.
Is this clever? Does an insto or two have some insider info to be emboldened to take on a short position whilst price has been rising and down trend possibly broken? Or is this a case of current instos short having to increase short positions to try and push price down for an exit?
Once the bots switch to buy buy buy, these instos short are going to cry cry cry. I have noticed the sell side in the market depth far outweighs the buy side and it appears its a false stack on the sell to try and induce selling. There has been a series of walls setup in the sell side also to prevent a spike in price for which they may have to chase.
The only encouraging thing I take from the graph below is once something good comes out and these jerks have to start buying to close positions quick smart we will get a reasonable pop in price.
circa 86M shares sold short at the moment. With recent average daily trade of 5M shares, these guys are in trouble if a short cover is required. This represents a very good opportunity for a large volume spike.
i guess the only benefit for the instos short on our register is they don't have the fear of a Reddit orchestrated short squeeze. If only someone could encourage them to MYX, it would make my day.
MYX Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)