The NASDAQ Biotech index has risen gradually over the past 6 months, up over 11%. Unfortunately over that period of time, the IMU share price has been tracking in the opposite direction. Hence the index is not a very good indicator of what to expect from the IMU share price.
The only event which I see can reverse the current trend, including the amount of shorters, is an announcement regarding a significant advancement or result in one of its trials.
Why IMU is a multi multi bagger, page-10968
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