- 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.
For further details see:
The Short Squeeze At DatChat Appears To Be Ending And I'm Bearish