Q: Open interest rose 26.92% over $UAI 24 hours while the price fell 43.98%. What does this indicate?
A: New short positions may be adding momentum to the decline, while some longs may also be buying the dip. Bears seem more aggressive for now, but the more crowded short positions become, the more powerful a short squeeze can be.
#UAI
This view could be wrong at any time. Please manage your own risk.
A: New short positions may be adding momentum to the decline, while some longs may also be buying the dip. Bears seem more aggressive for now, but the more crowded short positions become, the more powerful a short squeeze can be.
#UAI
This view could be wrong at any time. Please manage your own risk.
