Exactly!
Now it has become THE highest one. 61% of the total float shares have been sold short as of Sep. 15.
This is a text-book example of short squeeze.
Exactly!
Now it has become THE highest one. 61% of the total float shares have been sold short as of Sep. 15.
This is a text-book example of short squeeze.
You are absolutely right. The Short Squeeze basically means the short sellers are crashed when the price go up sharply. During this process, the orginal short sellers are forced to buy stocks quickly to cover their short positions with loss, which pushes the price even higher. While the price is pushed higher, more short sellers will have to buy stocks, and on and on. It's like a triggered avalanche. With the short side literally surrendering, the long side will rule until the majority of short postions are closed.
You are absolutely right. The Short Squeeze basically means the short sellers are crashed when the price go up sharply. During this process, the orginal short sellers will actually push the price even higher as they are forced to buy stocks quickly to cover their short positions with loss. It's like a triggered avalanche. With the short side literally surrendering, the long side will rule until the majority of short postions are closed.