Jul. 4 at 4:05 PM
$OTLK Of 16 mil shorts, 3 were between 1.5 and 2, and 13 under .5. Jun1-15, about 2.5 mil shorts covered (.7 to .9) before the jun16 fda resub accepted PR. Otlk then ran 1.2 to 1.8 jun 16-22. The spike to 1.88 was on jun 22 with borrow rate at 10-12% and only on jun 24 around 1pm did borr spike to 100%; by jun 26morning borr was down to 17%. So my guess is shorts entered in the 1.8 to 1.7 range june 22-24, and depleted inventory enough to raise rates, though there was 2 mil short shares availability. There might have been simultaneous profit taking as price seemed toppy, and some shorts covered as well, in the 1.55-1.65 causing borrow to fall back to 10. Whats interesting is the fact that borrow depleted enough to spike rates, implying inventory is relatively thin, which points to closely held shares, despite warrants and cheap shares in recent financings. If borr starts an uptick now we can infer shorting in the 1.4 to 1.6 as well, the last few days https://chartexchange.com/symbol/nasdaq-otlk/borrow-fee/
