Yeah I've followed them a while being in related industry and all. They aren't nearly as bad off as a Gamestop or AMC. They are actually a profitable company already and not on the verge of bankruptcy. They don't even have their phone business anymore (that's HMD Global), but they are still a big player in the 4G and 5G hardware game. That's why it didn't make sense to be a short squeeze. I'm not sure I could see reason for a hedge fund to stack shorts on a $5 stock of a company that has solid revenue potential.
Yeah I've followed them a while being in related industry and all. They aren't nearly as bad off as a Gamestop or AMC. They are actually a profitable company already and not on the verge of bankruptcy. They don't even have their phone business anymore (that's HMD Global), but they are still a big player in the 4G and 5G hardware game. That's why it didn't make sense to be a short squeeze. I'm not sure I could see reason for a hedge fund to stack shorts on a $5 stock of a company that has solid revenue potential.