Shares of EDHL, a recently beaten-down initial public offering (IPO), have shown signs of a potential bullish reversal after plummeting from around $6 to lows near $0.67. On July 18, 2025, the stock price rose from approximately $0.67 to a high of $0.79, with indications of a possible short squeeze driven by a high short borrow cost to borrow (CTB) of 90.39% and an off-exchange short volume of 63.65%. The company reported holding $5.8 million in cash, and market observers suggest the stock could see gains ranging from 50% to 200%, potentially reaching $1 to $2 or more in upcoming sessions. The price movement reflects a gap fill and reversal pattern, with traders preparing for continued upward momentum while advising risk management and due diligence.