REAL reason short interest has increased even more (hint, not good for shorts)
Over 8m news shares short entered into a position under 4 a share. That is half of the short interest. When the shares moved on the breast cancer news (not yet priced in I may add), the bigger institutional shorts along with some retail shorts decided to double down to protect their sub 4 shorts. But the longer the shares hang around here or continue to move up bit by bit, the more inclined (or forced) shorts will be to throw in the towel and cover completely. Going to be a squeeze.