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Ready for Monday

$ARCA biopharma(ABIO.US)$ smart money is onto something significant. Despite short-term bearish expectations, expecting the SVIX to head to 12.75-13 and SPX strong support at 5,200 indicates a ABIO gap up towards $5 then it can go as high as $22. The short interest ratio is 174.44 days, short interest is 83.14%, and off-exchange short volume ratio is 64.69%. This sets the stage for a short squeeze in the making and definitely a bullish sentiment. Also there are 9 million short shares that will have to be covered before the merger can take place. May was its best month since December of 2022!
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