$ServiceNow(NOW)$ According to FINRA short volume data for the entire last week (5 trading days), the total number of shorted shares was 39 million, with a total traded volume of 88 million shares.
Over 40% of the volume is short, and the smart shorts will cover and book their profits. This isn't a chip or memory stock; it's a heavily beaten-down AI growth stock.
My expectation is that it could move back to recent highs within a week. I'm adding more opportunistically.
GL!
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