Maxn Solar Technologies Sees Surge in Institutional Buying Amid 99% Short Interest

Maxn Solar Technologies Inc. ($MAXN) is experiencing significant market activity, with a notable increase in institutional buying and short interest. Over the past five trading days, the stock has seen substantial dollar volume inflows, including $33 million on July 2, $38.5 million on July 3, $124 million on July 5, $140 million on July 8, and $45 million on July 9. The short interest in $MAXN has reached 99%, with 96% cost to borrow according to Ortex. Institutions have purchased 20% of the float in the last two days, and the off-exchange short volume stands at 130 million shares. Traders are anticipating a potential short squeeze as panic sellers exit and large institutions, including Blackrock, continue to buy. Bids have been placed at .30 and .25, with a short float of 64.21% and 105% short interest.