$ONDS saw a great recovery from the 0.75 log Gann level support at $6.95, but urgently needs to reclaim the horizontal level of that Gann Square chart around $8.20 for anything positive to happen https://t.co/wV9D8bId7t

$ONDS saw a great recovery from the 0.75 log Gann level support at $6.95, but urgently needs to reclaim the horizontal level of that Gann Square chart around $8.20 for anything positive to happen https://t.co/wV9D8bId7t
$ONDS so far holding above the 0.75 log Gann level this week - very important to close this weekly candle above.
Could present an excellent opportunity if a low is made here around $7 https://t.co/MMISYegHtA
📉 Short interest update for Ondas $ONDS
According to data as of July 15, the short interest of ONDS would have dropped about 5 percentage points, from roughly 37.9% of the float to around 32.9%.
In terms of shares, short positions would have decreased from approximately 197.6 million to 167.5 million, representing coverage of about 30 million shares, or an approximate decline of 15%.
At first glance, this could be interpreted as a reduction in short‑squeeze potential. And it’s true there is a bit less fuel than before. But the full analysis is considerably more interesting.
Even after that reduction, more than 30% of the float would still be sold short, an extraordinarily high figure. Structural bearish pressure remains very relevant.
Moreover, the official figure is only a snapshot of the market on a specific date. After July 15, the loan market tightened sharply again:
The annualized cost to go short rose to roughly 18%.
The availability observed on Interactive Brokers temporarily fell to zero shares available for borrowing.
This does not contradict the reduction in short interest.
There may be fewer total short positions and, at the same time, very few shares available to open new bearish positions. In that scenario, going short becomes more expensive and the sellers’ margin of maneuver shrinks.
It is also important to clarify that “zero shares available” refers to the inventory observed at a particular broker, not necessarily the entire market. Both availability and borrowing cost can change rapidly during the session.
Therefore, the short‑squeeze thesis does not disappear. It simply changes.
There is a bit less accumulated fuel than before, but the remaining shorts are still numerous and now operate in a more uncomfortable environment. A new round of contracts, strong results, or a relevant technical breakout could force coverage again.
Fewer shorts than before, yes. But still a huge bearish position and an increasingly tense loan market. $ONDS
Ondas $ONDS is showing one of the most constructive signals possible on a beta liquidation day: it should be falling a lot and it isn’t. With the borrowing cost at 18.1% and observed availability at zero for loanable shares, the balance starts to become more uncomfortable for shorts.
This combination is exactly what you want to observe before a possible squeeze: the asset stops falling on days when it should be falling a lot. 👀