Sirius XM Holdings Inc (SIRI)

[Awl416]

What leaked?

[rocco_p_coletrain]

Nice call !

[highstakes]

Wow
8 tiday is cashout

[Triple nickle]

Peanuts lol

[Awl416]

That’s what 225m shares short

[Awl416]

635m float with 35% short. You can do the math LOL

[Triple nickle]

This is crazy

[Monksdream]

Halted no 3

[Monksdream]

Sirius Stock Rises on Short Squeeze as Liberty Media Arbitrage Backfires -- Barrons.com

4:45 pm ET July 19, 2023 (Dow Jones) Print
Andrew Bary

An apparent short squeeze in SiriusXM, which has the highest ratio of short interest to its publicly available float among companies in the Russell1000 index, appears to be driving up the stock of the satellite radio operator.

SiriusXM (Ticker SIRI) is up 0.4% Wednesday to $5.31 after gaining 7% Tuesday. The stock has risen 25% in the past month.

"There has been a huge rally in the most shorted stocks in the last six weeks," says Jeff Wlodarczak, an analyst with Pivotal Research Group. He says SiriusXM has been one of the beneficiaries.

The rally in SiriusXM has stung investors who have a popular spread trade that involves a long position in LIberty SiriusXM Group (LSXMA, LSXMK), a tracking stock for Liberty Media, and a short position in Sirius.

In the past month, the Sirius/Liberty Sirius XM arbitrage trade has hurt investors with Sirius rising 35% and Liberty Sirius XM gaining just 12%. Liberty SiriusXM's nonvoting "K" shares (LSXMK) are up 0.4% Wednesday to $34.81.

The discount of LIberty SiriusXM relative to Sirius hit around 45% Tuesday, compared with 35% in June.

SiriusXM has a thin float -- or amount of stock available for trading. That's because Liberty Media, controlled by mogul John Malone, holds 3.2 billion of its shares, or a roughly 83% stake. The recent short interest in SiriusXM of 219 million shares represents about a third of the public float of around 700 million, Bloomberg data show.

Other companies with high short interest ratios in the Russell 1000 also have rallied lately including Wayfair (Ticker W), Coinbase Global (COIN), and QuantumScape (QS).

[Awl416]

Unusual activity today

[highstakes]

How high is the short sqeeze run ??

[highstakes]

Hmmmm

[Monksdream]

SIRI No 10 on the Barchart Top 10
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc&page=1

[Monksdream]

SIRI it’s going higher

[green maschine]

Yep. Same to you. Enjoy your 4th.

[tipsy_too]

Agreed. Not to deep nor very prolonged.
Here's to "holding and waiting" and having a safe and happy 4th of July!

[green maschine]

I think we might see a pullback on Wednesday.

[tipsy_too]

Whew! Nice recovery from a bad start.

[tipsy_too]

Woops, maybe tomorrow?

[green maschine]

Great day today. Hopefully more to come.

[tipsy_too]

"just holding and waiting" Yep, do a lot of that with this stock.

[green maschine]

Next week will be interesting; would like to have seen a higher close, could dip again, just holding and waiting.

[tipsy_too]

Maybe ...
SMH

[green maschine]

Looks like the reversal is on.

[starman2]

My new retirement stock. Thanks guys :)))))

[tipsy_too]

Not everybody can pick a winner every time

[IB_]

A little too early !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

IB_

[tipsy_too]

Watching SIRI drop more today.
SIRI is not this bad of a company.
I am puzzled.

[hawkshaw812]

I’ll say what a dip think the bottom is in we need a reversal

[tipsy_too]

Somebody just took a dump and buying back at the lower price.
WOW!!

[hawkshaw812]

These dips are awesome .

[hawkshaw812]

Just checked my triggers I grabbed a bunch a $5.78 what a surprise.

[hawkshaw812]

Good entry . I'm in a little higher but still good . Earnings should bring us good fortune. Anyone seen what we should expect .

[tipsy_too]

Dove in at 5.80
Wish us all good fortune.

[hawkshaw812]

Looking good few cents lower and time to pill the trigger

[hawkshaw812]

Can't say I go that far but a good bounce could follow earnings.

[Tom turtles]

Luv Siri

[highstakes]

Heavy sell volume??

[12Jokera]

I love Siri to death

[Nebuchadnezzar]

this stock should have been taken private 5-10 years ago

no reason for it to be publicly traded

[MInvesting4867]

One can hypothesize that Satellite radio may become free with monetized content and much more like Traditional AMFM Radio of Today and Times Past.

[IB_]

Does "Phil" from the other SIRI board post here ?????????????????

IB_

[IB_]

Thank You !! I seen it posted somewhere yesterday but I could not remember who gave the price target !!!!!!!!!!!!!!!!!!!!

I think once Liberty reaches 80%-81% we will see a nice dividend increase and a price spike,

IB_

[MMoney007]

*MW Sirius XM stock price target raised to $10 from $8 at Benchmark

That was in news when you pull it up on TDAMERITRADE. Put up yesterday. I don’t know who MW is but it was posted by TD.

[IB_]

Who raised SIRI price target from $8.00 to $10.00 ???????????????????????

Thanks,

IB_

[Nebuchadnezzar]

this company should be reducing debt and the float

[MMoney007]

Their price target was just raised from $8 to $10

[Nebuchadnezzar]

why is this stock even publicly traded anymore?

https://finviz.com/quote.ashx?t=siri

4 billion OS but the float is 849M?

weird

[MMoney007]

SIRI is looking good!! Hope it continues to go up.

[cardvic]

Concur, I have owned F long ago and now own SIRI. I bought on a "strong buy", recommendation. As soon as this goes back above 6.55 Im out for good. Whenever that is??????????