$Faraday Future Intelligent Electric Inc.(FFIE)$
1) Shorts could borrow every single share the company owns excluding the float and still not hoave enough shares to cover the 38M they have borrowed.
2) The volume the last 2 days has reached 2.5B shares. Consider the fact that the float is a bit over 17M. This means the entire float has traded about 150 times in 2 days. At the end of all of that mass volume, shorts still owe about 38M shares. Everyone of those 38M shares has been utilized so that ammo is spent. Maybe there are a couple of million shares around to borrow? But thats all.
3) Shorts are face with an options chain tomorrow that currently has 90K call options comfortably ITM. that translates to another 9M shares the shorts are accountable for by Monday to settle by Tuesday the calls obligation.
4) Shorts are facing another Billion share day tomorrow. Not only that they are also battling Gasmestop.
Comments