POSH is currently down -75% since it's IPO. It was consolidating in for months between $33 and $50 until most recently it dropped to a low of $24-$25.
Before the big drop short interest was at 33% with days to cover at almost 3 weeks! Luckily for the shorts, no one squeezed them. Since the drop to the $25 level, short interest has decreased to 5%!!!!!
We could be looking at the early stages of an inverse head and shoulders bottom in the making. Time will tell of course.
The company is still growing, recently entering Australia and India.
Before the big drop short interest was at 33% with days to cover at almost 3 weeks! Luckily for the shorts, no one squeezed them. Since the drop to the $25 level, short interest has decreased to 5%!!!!!
We could be looking at the early stages of an inverse head and shoulders bottom in the making. Time will tell of course.
The company is still growing, recently entering Australia and India.
