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Looks like the shorts are retreating…
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https://www.marketbeat.com/instant-alerts/nyse-nio-options-data-report-2024-09-28/

Short interest has decreased almost 16% … down to 3.4days to cover

Looks like someone is about to lose $165m on paper this morning

More exciting is it seems like institutional money is coming back - would be exciting to see Nio hit $11 before November

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3 months ago