$ASTS Faces Increased Short-Selling with Borrow Rate Doubled and 10,000 Shares Available, Amid Optimism for Recovery to $30

$ASTS, a stock that has garnered attention from investors, is currently experiencing heightened short-selling activity. The borrow rate for shares has reportedly more than doubled in the past 24 hours, with only 10,000 shares available to borrow. Investors are expressing optimism about the stock's potential for significant gains, despite recent selling pressure that saw a million shares sold within a 10-minute window. Some analysts suggest that the stock could rebound to the $30 range, while others caution that it may retest lows from earlier in March. The market appears to be waiting for revenue announcements to drive further interest in $ASTS.