I certainly hope not however I’m quietly confident. Total short number would be well over 15% if there had been a negative leak (not the current 4%).
The fact that most shorters have been selling then covering the same day (or next) suggests a manipulative, joint profit making cycle all the way from $23 down to current lows.
This tells me they’re not confident taking a long short position for a reason. They’ll be the same instos buying now to ride it back up in my opinion. Only time will tell, but I honestly can’t see much more downside. I think support has been reached.
BAL Price at posting:
$9.88 Sentiment: Buy Disclosure: Held