$AGYP's volume on Monday was 76.59% short volume. Sound unbelievable? Here's the link to the offical data: http://regsho.finra.org/FORFshvol20210222.txt
(search for AGYP)
Out of 810,159 shares traded, 620,542 are considered short. This shows that there has been significant shortselling activity in $AGYP stock and that very likely there is a shortseller here with an incredibly large position that needs to be covered at some point! The more bulls pressure him here, the more pressure he will feel to buy back all his stock at higher prices and drive the stock price to new highs!
What is a short squeeze? https://www.investopedia.com/terms/s/shortsqueeze.asp
$GME recently moved up from $2.57 to a staggering $483 per share! How did this happen? SHORT SQUEEZE.
Here is a good video that describes the $GME short squeeze:
If you look at the past few sessions of short activity you can see the short is getting more aggressive. More aggressive could very well mean he is more desperate! He doesn't want $AGYP to go up.
But I do. And many $AGYP market bulls do, too. There are entire rooms dedicated to shortsqueezing $AGYP.
Another thing in $AGYP bulls favor is that oil prices are skyrocketing! USA Crude Oil is up well over $62 per barrel this morning. https://markets.businessinsider.com/commodities/oil-price?type=wti&op=1
Imagine if oil goes back to $80-100 range as some experts predict it does under the Biden administration.
$AGYP is starting NEW OIL PRODUCTION soon in addition to their existing business.
From recent news: https://finance.yahoo.com/news/allied-energy-forecasts-near-term-173500513.html
"The Byers Heirs #2 Well has been successfully re-entered and is waiting on final re-completion, which will entail the drilling of 4 or 5 short lateral legs (horizontal) to enhance the daily production rates. These lateral legs are capable of increasing production from two to five times the initial daily rate. The Company predicts that sometime in late February or early March the Company will place a work-over rig at the site. Timing is dependent on crew availability."
$AGYP is reworking formerly producing wells that shut down pre 2000 and using the latest technology and strategies to give back new life to these old wells to produce oil cost effectively.
Watch the chart for a bullish turn and keep the pressure on this short. He will crack. And when he does it will be all of us $AGYP bulls dancing in the street!