What it does suggest that the shorts need to work harder to keep the share price down...1.7m shares traded yesterday (excld. shorts) and I suspect most of them were traded above 2.88.
I agree that there is limited buying too... but when it does happen, I don't want to be short.
Check the vol today so far... c700k ... and I suspect most of that is the shorts
DYOR
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What it does suggest that the shorts need to work harder to keep...
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