To Better Days Ahead
HEXO did have a short squeeze in June 2020
When the Short Interest as % of Float was 11.54%
When the shorters greed turned to fear as the stock price moved higher.
Forcing shorters who had bet that the price would fall to buy in order to prevent losses.
The volume of shares traded was high reaching 32.5 million June 8th
As the shorters bought to cover their short position the share price jumped sharply higher.
Going from 0.88 Jun 2 to a high of 1.73 Jun 9
Date Open High Low Close* CHANGE Volume
Jun. 02, 2020 0.9500 0.9500 0.8700 0.8800 - 0.05 9,044,800
Jun. 03, 2020 0.9100 0.9400 0.8900 0.9400 +0.06 6,999,600
Jun. 04, 2020 0.9400 1.0300 0.9400 1.0000 +0.06 11,174,300
Jun. 05, 2020 1.0400 1.1000 0.9900 1.0800 +0.08 9,302,900
Jun. 08, 2020 1.1800 1.5800 1.1400 1.5600 +0.48 32,567,600
Jun. 09, 2020 1.6000 1.7300 1.4100 1.4400 - 0.12 23,097,900
Jun. 10, 2020 1.5000 1.5300 1.3500 1.3500 - 0.09 11,845,400
JUN 1, 2020 Short Interest as % of Float was 11.54%
At the end of June Short Interest as % of Float 7.34%
There has been a big drop in the number of shorts
The Short Interest as % of Float is now 4.28%
Number of Floating Shares 447.075M
The number of Shorted HEXO shares would be Approximately 19.1 million
So Get Ready for Another Short Squeeze
To Better Days Ahead