$OPTT is decently shorted with low float, no shares available, and high cost to borrow. Does it have potential?

Company recently reversed split leaving low float. Fintel shows decent shorted percentage of float, high cost to borrow and no shares available to borrow, however the days to cover is low. Maybe a catalyst or pressure can push it over the edge? I’ve been watching this stock for a while and know it has shoddy financials and lots have lost on this. If anyone has insight I’d appreciate it!

10 comments held Reddit says 1 on reddit ↗

u/PennyPumper moderator pinned 1 2 days ago

Does this submission fit our subreddit? If it does please **upvote** this comment. If it does not fit the subreddit please **downvote** this comment. --- ^(*I am a bot, and this comment was made automatically.*) ^(Please) ^(contact)^( )^(us)^( )^(via)^( )^(modmail) ^(if) ^(you) ^(have) ^(any) ^(questions) ^(or) ^(concerns.)
u/temp-guest69 4 2 days ago

It HAD potential. It’s a complete shit show now. I was long on it and made some decent money. I think it’s headed to bankruptcy.
u/Capital-Assistance84 2 2 days ago

Yeah im also glad i sold before the RS. I think the company will be bankrupt soon. Sold at a loss but better then 0
u/LostAbbott 1 2 days ago

This shit is stupider than the Greenland mining P&D from last week...
u/Dogton 3 2 days ago

This sub really just can’t move on from year-old P&D’s OP is obviously a smooth brain
u/shitshitshitImfucked OP 2 2 days ago

Just talking about the potential short squeeze setup 🤷‍♂️
u/stumblios 1 2 days ago

But what about BURU?!?
u/wrestlingchampo 2 2 days ago

You could see a bump if a good PR report comes out involving their partnership with Palantir Foundry. I think whats more likely is they are an acquisition target for someone like Andruil
u/Appropriate_Exit_206 3 2 days ago

I sold for a small loss before dilution and couldn’t be happier to get out. Fuck OPTT
u/Beginning_Reward_487 1 2 days ago

Dead stock