$Netlist, Inc.(NLST)$ shorts are in a difficult position.
36.85M shares short, 11.38% of the float, 22.18 days to cover. Most of the position was established before the Samsung alliance fundamentally changed the story.
NLST has held near $4 after its major repricing. The key near-term level is $4.22—the post-announcement high. A strong break above $4.22 with volume could trigger additional buying and force some shorts to cover.
Can they cover? Yes—but covering millions of shares without driving the price higher may be difficult if shareholders continue holding.
If another positive catalyst hits before the short position is materially reduced, the potential for a significant squeeze increases dramatically.
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