Most #smallcaps do not reverse split after being recent multiday runners. Typical R/S goes like BIMI, nothing going on month prior to the split. $COSM had a lot of swing carry positions at the tail end of multiday runner adjusted into split. Exploration opp for MMs.
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Whether there really was failure to adjust the split correctly before market open or it was done intentionally it doesnt matter. Due to selling restrictions by many, the supply was limited. It created purer fresh squeeze agenda, and less overhead participation.
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Restrictions on selling by many brokers added to the fact that float was more "pure" and untouched. Overhead reduced. Whoever decided to corner the float had less overhead selling presence, easier to market-make and drive out fresh shorts on SSR also.
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In short, it was easier to create demand imbalance.
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