IWM

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Post is by: Patriot_tech and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Squeeze_em/comments/1x2hiwp/veeas_short_interest_fell_96_before_its_47_friday/ The most important number of the week showed up Friday afternoon. FINRA's Sep 30 short interest, published Oct 9, put VEEA at **50,744** shares short. On Sep 15 it was **1,216,996**. We spent the week quoting the old figure, roughly 77% to 80% of the float. By the time VEEA closed up 47% on Friday, most of the shorts we kept describing were already gone. The market barely helped. SPY rose about 1.2% for the week and IWM fell about 0.9%, so the moves below were about the stocks. **How fresh this is:** Closes and volume are Nasdaq's daily history (Oct 2 to Oct 9). Short interest is the Sep 30 settlement via Nasdaq. Borrow is Curved Trading's IBKR feed as of Saturday morning, which reflects Friday. Filings are from EDGAR, checked Saturday morning. --- **What ran** * **$VEEA** finished at **$5.70**, up 71% from $3.33 a week earlier. Monday did most of it (+71.8% on 66.9M shares). Then came three red days, then Friday's run to **$7.09** on about 83M shares after Thursday evening's news that Veea is back in compliance with Nasdaq's listing rules. That's more than 50 times the 1.58M float. Borrow ended at **844.7%** with 15K shares to lend. * **$APUS** went from $4.59 to $7.13 on Tuesday and hit **$9.84** Wednesday. It closed Friday at $5.02, about 49% under that high. Short interest was only 10,346 shares at Sep 15 (we don't have its Sep 30 figure yet). * **$BMGL** gained 14% to $3.75 in the same week it priced 6M units at **$1.33**. **What faded** * **$MEDS** fell 20% to $2.96. Thursday's 14M-share pop (+18%) was mostly gone by Friday's close. Friday it filed an amended S-1 to register up to **34,462,057** resale shares. The filing counts **4,515,862** shares outstanding. * **$IPDN** hit $6.78 on Tuesday's 70.6M-share day and closed Friday at $3.53, about 48% lower. * **$ONDS** slid 7% to $6.73. The Oct 9 $7.50 calls we tracked all week expired out of the money. * **$TNON** lost 7.8% and **$BTCT** 12.2%, quietly. **What short interest did, Sep 15 to Sep 30** VEEA fell 96%, BTCT 95%, BMGL 93%, TNON 89%, IPDN 46% and ONDS 4%. MEDS went the other way, up 22% to 525,081 shares. BIAF also rose, from 71,167 to 115,467. **What we got right** We said MEDS looked like shorts betting against the balance sheet, not a crowd waiting to get squeezed. The S-1/A is that balance sheet showing up. We flagged TNON, BTCT and BMGL because each had stock waiting behind the short interest, and BMGL priced at $1.33 while the stock traded above $3. We called ONDS a disagreement, not a trap. **What we got wrong** Two things. First, we leaned on a three-week-old short count. VEEA's borrow stayed brutal, which is why our standing rule kept it on the list, but "80% of float short" was mostly history by Sep 30. We had the right stock and the wrong fuel. Second, we dropped **$BIAF** after Tuesday. On Thursday it ran as much as 52% to **$9.38** on a Japan patent notice, traded 35.3M shares, and the company priced a roughly $4M offering at **$6.122** the same day. It closed Friday at **$4.725**. A spike followed by an offering is exactly the risk we write about, and we weren't watching it. A fee is not a squeeze. This week, an old short count wasn't one either. When the official count is two weeks old, what do you trust more: the borrow fee, or the number of shares available to lend? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Corey_Blake

honestly the data kinda agrees with you. small caps are lagging too, IWM vs SPY is down almost 10% over the last 90 days, so risk appetite just isnt broad right now. i havent tested rates against the index directly so i wont pretend i know how much of it is rates, but nothing ive looked at says alts are about to rip