28 Apr (Shortman Data In)
Shorts Still Playing Chicken at 25.63% While BOE Rises
Price is up, fundamentals strong—and yet short interest still sitting at 25.63%, barely down from last week.
This is not typical short interest behavior. Normally you’d expect short covering to kick in once a stock breaks out and holds gains—but here, they’re doubling down into strength.
What’s the endgame? If the price keeps climbing without letting them out, we’re setting up for a highly compressed snapback. BOE has:
- Solid ramp-up progress at Honeymoon
- Macro tailwinds with uranium tightening globally
A clean break of $3.35–$3.40 could expose overextended short positions to margin pressure.
No covering + rising price = tension building. Something has to give. Shorts are playing chicken—and the road’s narrowing.
(20min delay)