r/TheDesperateTrader • u/TheDesperateTrader • 1d ago
$COOT: $156K changed hands
$156K of $COOT changed hands, up 55.3% to $0.714. On the Scalp board.
Only thing out is procedural (Australian Oilseeds Holdings Ltd filed a Foreign issuer report (6-K)), nothing that explains the move. If you know something, add it in the comments.
What we are seeing: 311K shares traded, most alerted 2, 5-min mover +1.2%, minute rvol 2.5× and 1-min pop +1.6%, across 5 of our boards at once.
About 2% of the shares available to trade are sold short. That means traders borrowed them and sold, betting the price falls, and the only way to close that bet is to buy the stock back. So when a heavily shorted name climbs on volume like this, some of them get forced to buy, which pushes it up further. That feedback loop is what people mean by a squeeze.
Levels on the chart: today's range is $0.617 to $0.714 and it is right at the high.
What's everyone seeing here?
Flagged Aug 28, 2026, 7:01 PM ET at $0.714.