Jun. 3 at 4:18 PM
$SOBR Those holding naked short positions who may be in Nasdaq SHO violation likely did not expect SOBR to receive an extension. I believe it will be difficult for them to continue shorting the stock through September 15.
Of course, they may use two trading accounts to hold positions that allow them to simultaneously dump shares while naked shorting and then cover at lower prices. It will likely take an outside investor to push these SHO violators out of their positions; otherwise, they may continue using multiple accounts to take advantage of the naked shorting mechanism and drive the stock lower.
