The "Short Squeeze" > Any encouraging news from SUGO, could lead to a wave of short sellers, trying to buy stock and limit their losses, pushing the price higher.
"Never Short a Dull market"
From May 16 - May 31, 87,103,936 shares have been shorted !!
When these "Shorts" begin covering their "short positions", by "buying back" these shares, "buying pressure" will cause the stocks price to rise.
In the event, that any form of "Bullish" news is released, the "Shorts" will be forced to "cover their positions", because as the stocks price rises, they will lose money !
SUGO Historical Shorting
Date Vol Shorted %Chg Short Vol Regular Vol
Jun 08 100.00%...2,799,998...2,799,998 Jun 07 100.00%.....200,000.......200,000 Jun 01 100.00%...6,549,999...6,549,999
From May 16 - May 31 Total Short Vol = 87,103,936
May 31 100.00%...2,000,000...2,000,000 May 30 100.00%...5,000,000...5,000,000 May 29 100.00%...4,600,000...4,600,000 May 25 100.00%...5,162,499...5,162,499 May 24 47.49%...30,395,900..64,000,000 May 23 100.00%...3,599,997...3,599,997 May 22 99.65% ...1,412,500...1,417,500 May 21 72.22%...33,966,988..47,029,561 May 16 0.99%.......966,052..97,146,302
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.