GREY:XEBEQ - Post by User
Post by
Winston1on Oct 10, 2021 2:50pm
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Post# 33993642
Over 2 million shares short as of Sept 30, highest all year
Over 2 million shares short as of Sept 30, highest all yearIn the latest short report dated September 30, we can see that there's over 2 million shares being shorted, which is, believe it or not, the highest amount of shares being shorted all year. Everyone is panicking about the share price, yet there hasn't been any negative news since Q2 earnings on August 12th. It looks like it's just a matter of the shorts taking this down.
There's hardly any buyers to counteract the shorts, so the result is a share price trading at 52 week lows. Any positive sector or company specific news will create a short squeeze.
I can think of two potential positive catalysts for this sector coming up in the next few weeks. The first is the passage of the infrastructure bill with a potential for $9.5 billion in funding for Hydrogen, and the second is the UN climate change summit with more aggressive climate change targets introduced by global governments.
Things are about to get interesting.