Today the short squeeze beginsSNDL has achieved cult status, and is on every Robin Hood investor screen. The CNBC scrolling of Sundia.
l morning and night, non stop ... has millions of people around the world aware of the company. As they look at it ... and do some DD .... they will find their facility is world class, best in Canada (ask Cowen and the brokers who toured it) ... their strains library that they own the best and highest THC, and the are #1 in Vapes in Ontario, and growing in every other province
But the big kicker .... something that has worked for my 40 years in the market, is shorting a company that is rolling back their stock. 90% of the time the stock goes down, and usuall back to where it was before the roll back!
But ... Sundial has only bank debt, and the have ovesr 100M dollars in the bank!! (one person writing about it forgot to include the restricted cash). And now you have USA Cannabis 1.0!
At a dollar, no need to roll back,and no need to lose their senior Nasdaq status. Shorts, who are short at very low level, are losing millions, and more to come.
SNDL Short Interest
| 11/13/2020 | 39,939,908 | 257,031,791 | 1 |
| 10/30/2020 | 7,086,665 | 15,699,945 | 1 |
| 10/15/2020 | 9,967,680 | 27,326,530 | 1 |
| 09/30/2020 | 13,726,045 | 13,943,174 | 1 |
| 09/15/2020 | 10,951,541 | 4,740,443 | 2.310236 |
| 08/31/2020 | 6,150,893 | 12,376,817 | 1 |
| 08/14/2020 | 6,214,318 | 10,619,373 | 1 |
| 07/31/2020 | 3,104,711 | 1,222,488 | 2.539666 |