RE: what is going on here15 Jul 2021 15:18
Apparently over a third of the shares are being shorted. Once buyers move in strongly, the shorts will get squeezed very quickly, leading to a huge bounce. From what I read it seems trading is going well since reopening. I think the treat of a further lockdown over the Delta variant is doing the damage. Any sign of this easing and avoiding another lockdown will mean a swift move upwards in my opinion. They have plenty of cash so as long as total lockdown is avoided they look in a very good position. Additionally if the retail crowd who did GameStop and AMC do a concerted attack on the shorted this could go stratospheric very quickly! That may never happen of course, but the fundamental are in place for a turnaround. If you don't need the cash then step back and leave them be, they most likely will recover. I just got in myself so looking for a bounce too!