I was in SPRT on July 21 and rode the rocket to tendie town. I'm still on that rocket tbh. ATER is looking more like a SPRT set up. I haven't seen an actual DD on ATER so this is a quick review FOR MYSELF that I'm sharing with this group.

What are the similarities between SPRT and ATER? Well, like any squeeze play, SI is super high, shorted shares are a high % of float, CTB is through the roof now, utilization is near 100%, etc.. The technical are there. But what REALLY makes this play similar to SPRT is the relatively small float available. I am NOT going to go through filings to verify this shit - it's too late in the game for that. So, I'm using my newly wrinkled brain and the tools we autists truly love.

First lets look at the float:

https://simplywall.st/stocks/us/consumer-durables/nasdaq-ater/aterian

Here's the breakdown on float:

• 32.7% or 11.5 mil to institutions - this is like ownership so most likely not actively traded
• 20.08% or 7.3 mil to Private Companies - I don't know about this one, but seems comparable to institutional ownership. Looking at the 25 shareholders that own 60% of the float I would say they're not actively trading (although the top holder has sold off a small % of their shares - Ain't scurred..)
• 18.4% or 6.4 mil to Individual Insiders - This is where it gets interesting because of this article. https://www.globenewswire.com/en/news-release/2021/06/01/2239481/0/en/Aterian-Announces-Voluntary-Lock-up-Agreements-with-CEO-Other-Co-Founders-Key-Stockholders.html over 50% of insider shares are locked until Dec. And we'll also assume the other half are not actively traded (they definitely could be though..)
• 28% or 9.8 mil shares for the General Public - think this on is obvious, but these are the shares that are held by apes and homies alike.

So what is the true float of ATER?

55.5 million shares available with, my guess of 45.7 shares being locked up or not actively traded

So, the float of ATER is probably around 10 mil, plus God only knows how many synthetics there are.

Why is this important? The less shares to trade the more volatility and less liquidity there is, the more parabolic this thing can go.

Then let's look at shorted shares:

This is where it gets really interesting. OTEX shows the shorted shares to be at 12.3 million shares..

https://preview.redd.it/oaww1zn6knm71.png?width=928&format=png&auto=webp&v=enabled&s=6bebbe621977238f1aa7604cf6299e693ab61944

So, the % of shares shorted is like 120%, sweeeet. This means shorts fuk'd...

More stuff that makes me happy:

https://preview.redd.it/8tfyfl13mnm71.png?width=1201&format=png&auto=webp&v=enabled&s=43f05fc46f800215bb7e3d73114887906c79351d

Lets do a quick review:

Small float: ~10 mil

Shorted shares are ~12.5 mil

Utilization - 100%

Cost to borrow - As of yesterday, I saw a min of like 115% and max of over 300% (great!)

Shares to borrow are getting hard to find.

On the Reg Sho list - yup... Which means FTD's will start to pop up next time the report comes out.

https://preview.redd.it/y520daiennm71.png?width=1002&format=png&auto=webp&v=enabled&s=f639a640e296ab264c7c784a5fd5b44af0683075

And then of coarse the mother of all alpha signals happened yesterday on ORTEX... This tripple alert, to my knowledge, happened before the GME and SPRT squeezes. So it's definitely a legit indicator. If you have other examples I'll take them.

https://preview.redd.it/mfki7fsxpnm71.png?width=1648&format=png&auto=webp&v=enabled&s=97f849e1254cbc3e27935af51b93bb4cf5cf99ae

Now, let's go to tendie town...

https://preview.redd.it/afbrwa2ponm71.png?width=1284&format=png&auto=webp&v=enabled&s=0d037b44c60fe43bdbae04ea1cf6b39cf9aed8d0

Edit - the triple ortex alert did NOT happen with AMC, only GME and SPRT. There are a couple of other examples out there, BBBY and RKT that were brought up in the comments. I haven't been able to find any others, so please share if you know of another one.