Missed VTVT on short, reason was Small Float (Long), HARD to Borrow (No short to be stuck), High short float (Long thesis actually), with this gap , high relative volume , float rotation this should have squeezed forcing shorts to cover however it didn't. This point to the fact that there is some selling pressure. If shorts cannot locate shares to initiate new shorts and assuming there is no naked short selling, this only leaves to insiders diluting or converting warrants. Missed short $4.10 cover $3.75 and then reshort of this support becoming resistance.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-10 09:31:48 | VTVT | buy | $4.000 | long |
2020-02-10 09:32:15 | VTVT | sell | $4.042 | 0 |
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