RGC: Another counter in eyes of Short Sellers. Short Squeezers to Arms!
Short sellers have their signts set on Regencell (Nasdaq: RGC).
After taking the company IPO last year on July 2021, RGC became a victim for short-sellers where intraday volume often as high as 40% - 90% are recorded on certain days. According to the SEC, this coordinated pattern could be an indication of a possible “naked short” which took place strategically.
In comparison of numbers, RGC’s total reported cumulative short volume is > 19 million shares while its total reported short volume to outstanding shares ratio (excluding CEO and Chairman ownership) is 7.63x. RGC is more heavily shorted than GME (infact almost double)
Based on yesterday's event data, 3rd party data analytics have reported that there were short trades taken place at large in the company's stock.
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