DATS - The Short Squeeze At DatChat Appears To Be Ending And I'm Bearish

• DatChat recently launched paid features, but data suggests that revenues from them are low at the moment.
• However, the company’s valuation has been soaring since its August listing and it seems the likely reason is a short squeeze.
• Short squeezes rarely last long and the company’s share price has been falling for several days. It's a sign that the short squeeze could be ending.
• I think the business of DatChat isn’t worth much in its current state and that the company’s shares are likely to go down to the IPO levels.
• However, there are no put options and the short borrow fee rate is 70.52%. It could be prudent to wait for the latter to decrease before short-selling.

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