Does OPTT have any shorts left?


Aime
Based on the latest data, it appears that Ocean Power Technologies (OPTT) has a significant number of short sellers currently experiencing a squeeze.
- Short Interest: As of the latest data, the short interest in OPTT is 4,140,933 shares1. This represents a substantial percentage of the float, indicating a high concentration of short positions.
- Short Squeeze Score: The Short Squeeze Score is a quantitative model that identifies companies at risk of experiencing a short squeeze. OPTT has a high Short Squeeze Score, which suggests that the company is indeed at risk of a short squeeze1.
- Stock Performance: OPTT has seen a substantial increase in its stock price, with a 1-month percentage change of 157.45%2. This significant rise suggests that short sellers may be experiencing losses, which could lead to a short squeeze.
- Trading Volume: The trading volume for OPTT was 6.84 million shares3, which is a critical factor in a potential short squeeze. High trading volume can indicate increased market participation and potential for a squeeze.
- Technical Indicators: The stock is currently trading above its 50-day and 200-day moving averages4. This could be a bullish signal for continued upward momentum, which could contribute to a short squeeze as short sellers may be forced to cover their positions to reduce losses.
While we cannot provide real-time data, the available information strongly suggests that there are still short sellers in OPTT, but the extent of their remaining positions is not clear. The current conditions indicate that a significant number of short sellers are likely experiencing a squeeze, but the exact number of remaining short positions is not explicitly provided.
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