RETARD ANALYSIS:
after GME, short squeezing became common knowledge, so
>shorts close risky positions to avoid suffering what happened with GME
>heavily shorted stocks can breathe again and have less resistance for growth regardless of fundamentals
>redditors, penny stock scanners and bandwagoners pump them to the moon
if you search pretty much every category on robinhood and sort by price, there's literally nothing left under a dollar that's purchasable. why do they go well past a dollar? shorts are waiting their turn and buyers are greedy, following trends and holding
my opinion is that many companies will wait their 10 days or so above a dollar to lock in compliance and then the bloodbath will come, dilution and other such money raising actions that keep operations going but are terrible for stockholders. just like what AMC did