Today shares of the company climbed 33% on no news. Currently, the stock is trying to fight a heavy short position. On July 11th, the company reported that 143 million shares of ETMO have been shorted at a squeeze trigger price of .0008 based on a Buyins.Net report. A short squeeze is well known as a highly explosive situation point, where shorts must begin to cover their short positions. In doing so, the squeeze drives the price up dramatically as short positions are covered by buying back the stock on the open market. With a closing price of .0004, the stock is rapidly approaching the squeeze trigger price of .0008.
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