One of the ways shorts can exit easily is when a company does a capital raise (and they 'buy' into the capital raise).
There is very low chance of a capital raise for A2M given they have significant net cash on their balance sheets, and even with all the headaches, they are operating cash flow positive.
Therefore the shorts will have to cover by buying on market.
Any spark of good news (or even not bad news) will see A2M share price jumping upwards (20% upwards in a day will not be out of the question), sellers will dry up, and 'everyone' will want to buy in creating enormous buying support.
Given 6% outstanding shorts, they are now playing roulette hoping for another downgrade that continues into FY22 to keep pushing down the price.
Thanks for this thread.
A2M Price at posting:
$5.12 Sentiment: None Disclosure: Held
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