PTON - Deeply Oversold, Heavily Shorted

PTON has collapsed from the Covid highs around $170 to current level around $29. Short interest has been persistently rising since November of last year. This bounce on Monday could set of a chain of short coverings, which will probably put the stock on the radar of Wall Street Bets., which can be a catalyst in and of itself. There's a huge gap at $61 so if this initial move pokes its head into the $60's, we'll see $80+ quickly.