AMC has recently reclaimed the 50 day moving average. I’m not sure why but people are still trying to short this even as it has bottomed out. There is also quite a bit of short interest that remains even though the stock has completely sold...
Right now GME has about 23% short interest. Can GME go higher? Absolutely. However it has not cleared the 200 day moving average. Even if it does, it needs to hold above or this thing is coming...
