Haven't seen news to support any drop
$Zoomcar Holdings (ZCAR.US)$ Borrow rate jumped from 92% to 321% with 9000 shares available. Looks like warrants have been active since they are exercisable at $5.71. The last time it dropped the price $1.40 which is what it would have dropped to on Friday when it reached $4.90 from the $6.30 high. And it rose to $9.29 so that would make the projected recovery price $8.79. Needs to break resistance at $6.30 to have a chance at the projected price. I bought a few to hold and wait.
ZCAR has bridge warrants they are exercising. Bridge warrants are convertible into shares of the underlying company as long as the price stays above $5.71. Due to tax purposes and since the warrants are the kicker for the deal they have until the end of December to exercise them. This could be a good stock to buy near bottom and sell each time it runs up.
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