Sep. 18 at 5:37 PM
$SNYR Some sold their shares at
$0.025 at the opening. The price is already higher than double that. Shorts who want to cover wait for their bids to be filled. They don't want to fill asks, likely because they know doing so may trigger a rapid surge, though at one point that may become the only reasonable option, given the potentially significant number of open short positions. Meanwhile, the longer they hold their short positions, the more they are charged a likely notable CTB, which is currently above 600%. Meanwhile, CTB would be the least of their problems in a potential squeeze, particularly for those who are late to cover.