Post by sungrin1309on Oct 21, 2022 10:35am
100 Views
Post# 35038717
RGC: Another counter in eyes of Short Sellers. Short Squeeze
RGC: Another counter in eyes of Short Sellers. Short SqueezeRGC: Another counter in eyes of Short Sellers. Short Squeezers to Arms!
Short sellers have their sights set on Regencell (Nasdaq: RGC).
After taking the company IPO last year on July 2021, RGC became a victim for short-sellers where intraday volume often as high as 40% - 90% are recorded on certain days. According to the SEC, this coordinated pattern could be an indication of a possible “naked short” which took place strategically.
In comparison of numbers, RGC’s total reported cumulative short volume is > 19 million shares while its total reported short volume to outstanding shares ratio (excluding CEO and Chairman ownership) is 7.63x. RGC is more heavily shorted than GME (in fact almost double)