Jan. 29 at 5:42 PM
$NUWE It looks like warrants issued are the source from which shorts are drawing from.
It shows a total of 5.5M warrants, 1.8M have already been executed. So they leaves 3.665M warrants that are still out there.
Bottom line, we need enough buying pressure to overcome short supply of 3.665M + existing available shares on the float.
This adds a little twist to the existing float, but now I understand where the shorts are getting their shares.
So we need much more buying pressure that ordinary thought.
Add 3.7665M to existing available shares which as averaged between 0 - 100K shares over the last couple of days and you get a needed buying pressure of ~ 3.9 M shares and it blows the top off.
Not financial advice, just sharing what I found.
https://www.nasdaq.com/press-release/nuwellis-announces-exercise-warrants-51-million-gross-proceeds-2024-11-05
