DD and some opinions
MMAT no longer on the threshold list today, implying that shorts have covered some FTDs. The lack of volume today could be due to less shorts attacking? But then again, it's only pre market rn.
Saw someone mention that shorts likely covered the FTDs on the 13th (not all shorts, meaning they covered just enough to get them off the list to avoid being forced to cover), I went to check the short data on moomoo and if it's reliable my guess is that they drove the price down on 13th using new shorts to bring the price low enough to cover their old FTDs.
This does not mean shorts fully covered. Based on my other DD, sector has not fully switched over either so algo institutional trading might not have taken place yet, it is all being very slowly processed (unfortunately).
This does not mean shorts fully covered. Based on my other DD, sector has not fully switched over either so algo institutional trading might not have taken place yet, it is all being very slowly processed (unfortunately).
Ultimately they're my guesses and speculations, I could be very very wrong on this. Below are some screenshots
1) to show MMAT is off the SHO threshold list
2) shorts data on moomoo
3) ortex support email to show that sector has not switched over
1) to show MMAT is off the SHO threshold list
2) shorts data on moomoo
3) ortex support email to show that sector has not switched over
Thanks for reading and btw just for clarification I am in this for the long term, wish nothing but the best for the future of Metamaterials Inc, but just want to be objective with my DD, be it good or not so good news.
![DD and some opinions](https://ussnsimg.moomoo.com/1626774768829-102502941-android-org.jpg/bigmoo)
![DD and some opinions](https://ussnsimg.moomoo.com/1626774768844-102502941-android-org.jpg/bigmoo)
![DD and some opinions](https://ussnsimg.moomoo.com/1626774768858-102502941-android-org.png/bigmoo)
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candy jem : hope not....vol indeed decrease in premarket