Thanks for answer. I'd assume that as the shares drop there is less and less room to make more profit (unlike with longs).
If you 'bought' your shares at $16 then at $8 a share you've made $8 profit, which is pretty good. But to make another $8 the shares will have to reach zero, which is pretty unlikely. In fact, even making another $4 would be stretch (at $4 a share Neuren would valued at close to just the cash on the balance sheet).
In summary, I'm wondering is this is the event the shorts have been waiting for and might therefore 'shake them out' to clear the air so the share can move back to following fundamentals.
NEU Price at posting:
$9.02 Sentiment: Buy Disclosure: Held
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