I've been watching the
QAN short interest for a while. Interestingly, it's declined from 0.25% after the selldown from $1.50 to its current level of ~0.04%. If we assume that the shorts are the smart money, they have been saying for a month or so that the risk-reward is skewed to a higher, rather than lower price for QAN. Do they know something the market
generally doesn't? I wonder who has had a whiff of this deal, and when did they know?