Shares of Japanese blockchain company ELWS, which has a float of approximately 920,000 shares and a market capitalization with around 2.8 million free float shares, have attracted attention from traders amid concerns over a potential delisting that did not occur as expected. The company reportedly appealed the delisting decision, removing immediate risk. Insider holdings account for 67% of the company, and there are two upcoming catalysts anticipated by investors. Traders noted heavy short interest and limited shares available to borrow, which has fueled bullish sentiment with price targets ranging from $4 to over $6. ELWS shares have recently traded above $3, with some traders predicting a rise to $5 or higher. Comparisons were made to a similar stock, JBDI, which recently doubled from $0.87 to $1.75, with expectations of further gains. The situation has led to increased buying activity and optimism about the stock's near-term performance.