Globalstar Inc (GSAT)

[grandslam68]

A new ETF tailor-made for GSAT? A new ETF, the Active Alts Contrarian ETF (SQZZ, US), made its debut yesterday. It only invests in stocks that it sees as likely candidates for a short squeeze. One of its holdings is Weight Watchers, whose shares in late February popped more than 50% over a three-day period in the wake of its quarterly results, in what was clearly a short squeeze. One wonders if the ETF has scooped up a load of GSAT, or is looking to do so, for obvious reasons.