May. 29 at 8:46 AM
$LNAI I have spent some time analysing Fintel.io's dataset for shortselling of Lunai - AND corrected for pre/post-split (which Fintel does not) For those interested - and you should all be :) here's a clean, fairly readable summary based on the FINRA Off-Exchange dataset:
$LNAI — Short Selling Analysis
Based on FINRA Off-Exchange Data (May 14–28, 2026)
What the data shows
Over the last 10 trading days, more than half of all LNAI trading activity has consistently been short selling. This isn't a one-day anomaly — it's a sustained pattern across every single day in the dataset.
Day by day (split-adjusted where applicable)
Before the 1:8 reverse split (May 14–21) — figures divided by 8:
DateShort Vol (adj.)Total Vol (adj.)Short %May 1439,59662,59663.26%May 1523,99248,18449.79%May 1832,31372,30344.69%May 1912,70127,19146.71%May 2035,65785,07141.91%May 21117,090163,83471.47%
After the 1:8 reverse split (May 22–28) — no adjustment needed:
DateShort VolTotal VolShort %May 2252,035119,74843.45%May 2619,72645,81643.05%May 27185,667304,85260.90%May 28147,450239,06461.68%
Three things stand out
1. The short ratio never drops below 41%
On every single trading day, at least 4 out of every 10 shares traded were short sales. On the worst days it was nearly 7 out of 10. For context, a "normal" short volume ratio for a healthy stock is typically 20–30%.
2. May 21 is the red flag day
The day before the reverse split, short volume spiked to over 117,000 split-adjusted shares — nearly 3x any other day — with a 71.47% short ratio. This is the single most suspicious data point, as it suggests a concentrated push to short the stock on the last day before the new CUSIP took effect, potentially to exploit the split transition.
3. Shorting has actually accelerated post-split
May 27–28 show the highest raw short volumes in the entire post-split period, with ratios of 60–62%. The reverse split — which was meant to stabilise the stock — does not appear to have deterred the short sellers at all.
Bottom line
The FINRA data paints a consistent picture of sustained, heavy short selling pressure on a stock with only ~4.5 million shares outstanding. The spike immediately before the reverse split, combined with the company's active lawsuit alleging naked short selling, means this data is unlikely to be coincidental. The pattern warrants serious scrutiny.
$LNAI certainly looks to have a case !
Bullish
