What would a short squeeze look like? Several days of dramatically rising share price on high volume?
Yesterday saw the big price rise, but volume was nothing special.
I'm assuming that since huge numbers of NLS shares have been shorted for a long time, that many shorts have ridden the stock down from the 30's. Wouldn't that mean that they can afford to wait out any rise in the teens? They'd be watching paper gains evaporate with the price climb, but they wouldn't be under any actual pressure to close.
Thoughtful answers appreciated. Not that I hold out much hope. But it could happen.
and with a thinly traded stock that can give sudden spikes. My intention is to add to my short as soon as it clearly starts to roll over. It would be surprising to see it driven much above 12.5, but of course one can't predict for sure.
Not much hope for serious answers. But I'm thinking that there's also not much hope for an actual short squeeze. Panic covering might be possible, but I doubt it. I think investors who short are likely to be disciplined enough to watch paper gains dissolve with equanimity. They can be squeezed only when they are losing real money and are pressured to cover. In my not-very-sophisticated opinion, that is.