I have a long position in ACMR, and I honestly just like their books. They have a super low debt:equity ratio, and are expanding operations out of China and in to Europe and the US. They're a “picks and shovels” company riding the coattails of the AI boom, and have over 100 patents on their equipment and processes.
On the other hand, they just broke through a resistance level on Friday, and short interest increased nearly 8% over the weekend. I've been searching the news for any info on why that might have happened, but I'm drawing a blank.
Can anyone that's much better at technical analysis than me check this out and tell me what I'm missing?
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