Creative Edge Nutrition Inc (FITX)

[stockrider]

Forward Split or dividend shares drives a short squeeze in most of the cases and here is why. Split means extra shares for current shareholders which is good news. What it means is that as long as the value or market cap is unchanged the current shareholders will get more shares. Theoratically it should adjust the price down if market cap remains the same but most of the forward split cases the price skyrockets if there is huge shorting out there. Reason is that to pay divident shares every naked shorted share needs to be covered. if the float is tight and if there are no sellers then the pps skyrockets in most of the cases since shorts will pay premium prices to cover before things get out of their hands and get the margin calls from their brokerage firms. That's why this is huge news for FITX shareholders. All imo