Short Squeeze coming for STSS just like CRXT
similar share structure, small float.
$CLARUS THERAPEUTICS HLDGS INC(CRXT.US$
$Sharps Technology(STSS.US$
$CLARUS THERAPEUTICS HLDGS INC(CRXT.US$
$Sharps Technology(STSS.US$
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Mike Hunt : There’s a HUGE difference. STSS just started trading less than a week ago. A short squeeze means the excess demand that drives the price up is from shares being bought to close open short positions and because 85% of all traded volume, both long and short, is from the institutional side who can string out having to be forced to buy shares on the open market for over 35 days, there is no squeeze that will be happening. Why would they buy shares to close at sky high prices when they don’t pay any interest on borrowed shares because although technically against the rules except for the MM, the non-retail side opens short positions without actually having the shares.