The “Three C’s”: Citadel Securities (CDEL), Canaccord Genuity (CSTI) and Cantor Fitzgerald (CANT) are almost always on a ticker together. While these “Three C’s” are rarely toxic diluters, they can be heavy short sellers at times, taking advantage of a good thing which is part of the game.
Anyone who is shorting now will get destroyed.
I expect they are clearing out the last of the shares they accumulated at lower levels.
Based on L2 - retailers are not selling at all - NITE and ETRF far from the inside ask.
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