Definitely the worst time to be selling. The short positions are at a relatively high level at the moment. You can only maintain these levels for so long. Look at the below and the inverse relationship with shorters vs. share price. It appears the shorter's percentage indicates the target price e.g. June 2017 share price reflects shorter's percentage in april 2017. Jan 2018 share price reflects shorter's percentage of prior months. If we continue this pattern, we could see over $5 in the next few months to match the shorter's current percentage.
Once the short positions turn, the jump in share price is actually very significant. I would be buying now, not selling. Buy low, sell high.
Further, I've had a look at the technical analysis side. $2.90 is a significant support line, if it breaks we will see $2.60, however if it holds, we are going back to $3.35 in a matter of couple weeks.
GLTAH! STRONG BUY
Chart, page-7533
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