We are ecstatic BOE shows price strength without any meaninful short covering. The fact that BOE's share price is rising significantly (up 12+% intraday) while short interest remains elevated at 25.63% (from the 1 May 2025 Shortman data) suggests a powerful underlying demand from long-side buyers — not yet driven by a short squeeze.
Underlying Buying Pressure Is Organic.
That means the current strength is not a "short squeeze head-fake", but likely real capital repositioning — possibly funds, institutions, or retail with conviction.
Shorts Are Still Trapped. Psychological Pressure on Shorts Increasing. The shorts has lost control. With BOE fundamentals strengthening, no insider/institutional selling, and uranium sentiment turning, the risk to shorts is asymmetric: the longer they delay, the more damaging their exit becomes.
The "Loaded Spring" Has Not Been Triggered Yet Because the rise occurred without significant short covering, it means the latent buy pressure from shorts still exists.
Validation of Fundamental Thesis
A price rise without short covering reinforces the idea that long buyers believe in BOE’s intrinsic value. The market may be pricing in forward production capacity, uranium price upside, and BOE’s cost advantages — regardless of short noise.
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