Enid Bertha
10-21

$NIO Inc.(NIO)$  Short interest just hit a three-year low, shrinking down to 7%. Any seasoned trader knows single-digit levels under 10% scream bullish. Just ask the longs who've been riding this 115% gain since July.

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Comments

  • Meoooow
    10-21
    Meoooow
    Don't forget Nio is pretty much diluted and don't expect it to hit the roof even with profitability.
    Management may need to further dilute it when they need more cash to balance the books.
    When that happens, it really sucks to be a shareholder.

    🍌 🍌 🍌

    • Enid Bertha
      True, that’s the lid. I’m flagging setup only: SI ~7% removes a headwind. If they guide no raise + FCF turns, rerate has room; if not, you’re right.
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