What caused holo's last few short squeezes

The short squeezes experienced by MicroCloud Hologram Inc. (NASDAQ: HOLO) can be attributed to a combination of factors:

1. High Short Interest: The company has seen significant short interest, with reports indicating that short interest represents a substantial percentage of the float. For example, on July 6, 2024, the short percent of float was reported to be 73%, and on February 7, 2024, short sellers were actively building positions at the $5 level.
2. Speculative Trading and Meme Stock Rally: HOLO has become a favorite among speculative traders, and its shares have been used in short squeezes during past rallies. The company's stock is often caught up in the recent meme shares rally, which can lead to short squeezes as short sellers cover their positions.
3. Reverse Stock Splits: In the past, HOLO has undergone reverse stock splits, which can artificially increase the stock price and trigger short squeezes as short sellers are forced to cover their positions at higher prices.
4. Industry and Market Dynamics: The company's involvement in the Communications Industry Association and its focus on holographic technology may also contribute to the interest from short sellers, which can lead to short squeezes when the market sentiment shifts.

These factors, combined with the company's history of short squeezes and the current high level of short interest, have likely contributed to the last few short squeezes experienced by MicroCloud Hologram Inc.