$Progenity, Inc.(PROG)$ reasons why this can go $10+ :1. short squeeze: they have not covered any shares and don’t have shares to short. which means 2 things, they can’t drag the price down and they have to cover.utilization is around 99% ,SI% is around 58% .2. gamma squeeze: all the call are in the money. it’s still early in the week and call holders want to make as much profit as they can but they will be some who exercise their contracts and that would bring the price up. 3. PR: they still haven’t officially released anything about the recent patent approval that doesn’t need an FDA approval. 4. possible buyout: the average SP of the larger buyer is $4.75 a share. they will definitely be looking to make profits on those shares and if the buyout were to happen it wouldn’t be anything under that.
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