$Histogenics(OCGN)$ Just so everyone doesn't get their expectations up for tomorrow:
Shorts have not covered.
We may see a repeat of last week where Friday dipped - no shorts covering means less to no shares available. No news means no pressure on those shorts to cover their bad bet.
Shorts not covering = less ACTUAL shares available
Small share pool = option houses working AGAINST call contract holders (if there are no shares out there, it is difficult to exercise a call contract - easier to let those fall out of the than open up the pandora's box on the entire market and lay it bare for the public to see)
Lots of $9 and $10 calls out there, so there is an incentive at this point for the powers that be to keep this below $9 for the moment. It sucks, but until we get news it won't change anything.
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