We need a strong catalyst to have a short squeeze and we haven't had that.
The shorters have not "invested" 80 million dollars into BRN at all.
They have
borrowed over 90 million shares now (uncovered) at a margin cost to them (which must be maintained) and then sold (dumped) these shares on market, using algorithms etc.
There
is a merry go round of shares being shorted and covered and yes they are making money from the difference.
Yes they aren't stupid and are managing to "control" the share price at the moment.
But if they were so professional, there wouldn't be such a thing as a short squeeze at all.
It just wouldn't happen..
When we do get some solid news, more shares will be shorted and sold at the higher prices, to take advantage of the "inevitable" drop.
At some point, if BrainChip is "the real deal" this drop, will not be as large as expected and demand for shares, Globally, will outweigh any selling pressure.
The over 90 million aggregate shares, that need to be bought back and returned to the lender, at some point, are not an investment, but potentially a
huge liability.
The huge valuations of large Tech Companies, are in part, due to these activities.
That's why I love shorters, more than hate them