$SK hynix(SKHY)$ From what I can see, there's not much naked short selling happening with this stock. It was oversubscribed, and all the additional shares got bought up.
The pattern looks like small-volume selling to push the price down, followed by high-volume buying at the lower levels.
I think it's an easy $250 stock. It currently has one of the lowest P/E ratios among its peers selling similar products. SkyHyu's biggest advantage is its lower manufacturing costs, which lets it take market share from larger chip makers like NVDA.
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