r/Shortsqueeze

1 - Heavily Shorted:

SI: 30%

2 - Low Float:

5 M shares floating out of 50M

3 - $SKY Coin Treasury:

Owns 10%, earning approx. 6% APR

4- Gap to fill:

a) $15.47
b) $58.75

5. Read below and google AI the float:

Deal Overview & Mechanics:

• Rebrand: NovaBay shifted from eye care to a crypto holding company, trading as SDEV on the NYSE American.

• Funding: Raised $134 million via a private placement involving cash and stablecoins from investors like Tether Investments and Framework Ventures.

• Holdings: Holds ~2.15 billion SKY tokens (~9.15% of total supply).

• Staking Strategy: Substantially all acquired tokens are actively staked in the Sky Protocol to generate yield.