Mar. 12 at 10:52 AM
$BTAI Short sellers have already borrowed more than 1M shares that were previously available to short.
Availability dropped from about 2.2M shares to ~950K, which means those shares have already been lent out to short sellers.
Because of that, I expect a high volume session today, since the process of warrant conversions may start.
Let’s see if I’m wrong in a few hours.
Remember: below
$1.61 the warrants are worthless, so it will be interesting to see how price behaves around that level.
And who knows, sometimes when everyone expects the stock to drop… it suddenly goes boom and just keeps running.
No volume, no party.
