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Enservco is highly shorted yet it is a value stock. It has averaged about 80% short in last few weeks.
Enservco has been taken over by its largest investor and is clearly aligned with its investors now.
The Market Cap was $10 million before it short squeezed 1-28-2020.
It is a fully reporting stock on AMEX so all brokers can buy it and in a sector that is going back into favor, oil field services.
The big story lately is that WallStreetBets on Reddit short squeezed GameStop (GME) and indeed it is quite the story. I am a specialist in finding highly shorted stocks that are value stocks and they do exist. GameStop was a heavily shorted value stock and did have a position in it at roughly $6 and sold about $9 if recall correctly in 2020.
What was done to get GameStop to short squeeze is an amazing effort taking a great deal of capital, yet it happened. Charles Payne has said it was over 100% short, which means it was naked shorted, which means that illegally traders were shorting the stock without ever borrowing it.
If you think naked shorting is a myth, it is not, many times big players have been caught doing it.
This naked shorted aspect of GameStop indeed helped the squeeze and helps explain why it is $340 as write this.
There are several stocks that are much easier to squeeze than GameStop. One that stands out is Enservco (ENSV). It is a value stock that I have had a large position in for a while. The largest investor in Enservco has taken over the company. It is involved with "Hot Oiling" and other fracing services for oil fields. They are the worldwide leader in their niche. To understand the company suggest listening or reading the Q3 Conference Call. The company only had a $10 million market cap before yesterdays short squeeze, when it went up to a still tiny $14 million market cap. In the last Q, the 3rd, they reported a $8.4 million net profit on $1.6 million in sales!
How did they do that? It was a deal to greatly reduced their debt and in which the CEO assisted. ----- https://seekingalpha.com/instablog/535947-darp-research/5548999-why-enservco-is-better-short-squeeze-gamestop?v=1611976600
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