As of May 29 had 11 million short shares and next Friday is a big day for short interest close out. When you have done your research and fixed your investment reasons, don't let these short-term downs freak you out.
With current daily volume that is about 4 trading days. The 3rd Friday is always a big closure date and that is now 1 week away. Should see lots of big players doing their stuff in the next week. This will easily go back to the $94 range within a week to 10 days.
These professional short positions will hack and hack to exit their positions (will probably even cheat a little). No other explanation since the DOJ Body Cam news was released on May 1, Short Interest Reporting DUE DATE for April 30 was yesterday, May 4, at 6 PM. will Disseminate after 4 PM on May 11. Will be interesting to see if Hedgie/Wedgies got their Kiesters Out of their Short Positions with the PPS rising so significantly. NOTE: All info available on NASDAQ site.