TIMBEEEEEEERRRRRR! APOL Short Squeeze is OVER. Down from here next few days.
Now that shorts have mostly been required to cover their positions by their brokerage firms, there's negligible short-covering to prop up the stock from here going forward. The short squeeze has run its course and the stock is way overbought, so it's bound to retrace.
Not to mention the fact that APOLLO does NOT factor in their sizeable downsizing costs to adapt to shrinking enrollment into their last quarter's earnings.
That was what allowed to almost falsely post a so-called upside EPS surprise and light a fire under the stock. Now shorts who've shorted at $28 and $29 are in control and they'll take it down in the next few days.