Jun. 26 at 7:40 PM
$SOUN The setup is becoming hard to ignore.
38% short interest, borrow fees have climbed into double digits, and borrow availability has repeatedly tightened. Meanwhile, the options chain is heavily concentrated around
$7-
$8.50, with fresh buying showing up at key strikes.
The 2-year chart continues to resemble a large rounded “W” base. Those patterns don’t guarantee anything, but if confirmed, they often mark major trend reversals rather than the end of a move.
The market is focused on today’s price. I’m focused on what happens if the company delivers a meaningful catalyst: major enterprise wins, stronger guidance, confirmation the ATM is complete, or continued AI adoption.
With this level of short interest, it doesn’t take every short to cover. It only takes enough buying pressure to overwhelm available liquidity.
Risk is always present, but the risk/reward looks far more interesting here than it did at
$9+. Watching closely.
