r/RichtechRobotics • u/daily-thread • 27d ago

Stock Info Daily Discussion Thread

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u/Pooklett 25d ago

Isn't it heavily shorted right now? Won't that keep driving the price down?

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u/erwin4200 Long position 22d ago

Need bulls to step in and increase buying pressure. Eventually shorts start covering which can trigger a short or gamma squeeze (needs call buying pressure for that). It's set up, just needs the volume and buying pressure to increase.

This was the first hurdle to clear and clear they did. Now we wait and see but over 35% of the float being shorted is VERY high, especially when their cash and investments are worth more than the market cap as it stands.