Post by
tankumo on Dec 18, 2020 2:11am
short squeeze
There were about 12 million shares short as of 12/16, I hope today's news will create a short squeeze to force these short sellers to cover.
Over 10 years ago I saw a penny mining stock went up to $20 due to short covering, it took several days to hit the high, but that was due to illegal naked short selling. I would be happy to see $2 on this one.
https://shortdata.ca/largest-short-positions/
Comment by
jrsloan60 on Dec 18, 2020 8:07am
12 million not very many shares being shorted. That's not going to create a very big short squeeze I think there's 270 million shares
Comment by
jrsloan60 on Dec 18, 2020 8:10am
sorry it's 227 million still not a very big percentage of overall shares