Everyone has heard of MVIS from back in 2020-2021 where it ran from less than $1 to $30, to recent run up over last 2 weeks (up about 100%) I won't belabor that they are a real companmy with real technology that OEMs in various sectors to include LIDAR/ADAS/Self-driving and also AR/VR want for as cheap as they can possibly acquire it for. All that aside, the simple fact is this is a top 5 shorted company on the nasdaq 27%+ of the float is sold short, the cost to borrow has ballooned to 60% over this recent run and on Friday A LOT of 3.5 Calls ended IN the Money after a desperation 2 million share push down in final minutes to attempt to get share price below $3.50. The debt ceiling issue continues to drive pressure on liquidy issues accross the US economy and when liquidy is low short positions get extra pressure to close at a loss so the loaning entity can get thier liquidy back hence the increasing cost to borrow. These are all facts that happend and get us to where we are going into Monday. In theory those 2 million shares or so will need to get bought back to cover the push down on Friday this is in addition to shares that people executed with their calls that were in the money, this all has to get resolved by Tuesday. I don't know what is going to happen but it is a very interesting set up and next week should bring A LOT of volatility for MVIS and other heavily shorted stocks and that can mean making money both ways. Good Luck out there!
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