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I concur! This kind of momentum all the way up to commercialization would be fantastic! Some of the sh/$ increase is due to very small Short squeezes that have been occurring.
Short activity has increased in the recent past, accounting for about 1/3rd of the daily volume up to today.
Today’s Short interest trading accounted for nearly 57% of the daily volume, and the daily volume was about 1/2 of the average daily volume.
Now, Shorts have a little under 9% of the float available to trade, which means the remainder of the float belongs to individual and institutional shareholders. This is one of the reasons sh/$ has been increasing of late. We and the institutions are not trading our shares in anticipation of Truforma’s commercialization.
As a result, the average daily volume has fallen off dramatically. That leaves only a small group of people with whom Shorts are trading...for the most part...other Shorts! (57% of today’s total volume!)
If everyone were to continue holding what they already have and stop trading their shares, that would force Shorts into trading more and more with themselves, which is EXACTLY how squeezes begin!
So, my recommendation to everyone who would like to see ZOM’s sh/$ go higher...Hold what you have, or Buy more!
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