Jun 24, 2021
[2 min Read]
Heavy accumulation at this range by institutional investors and hedge funds as seen by 62% of yesterday's heavy trading activity coming via dark pools and by a big institutional purchase of 1,062,200 shares today. That new long position equates to a value of $14,159,126.
- New short are trapped - daily short volume has spiked in the last 2 days.
- Still one of the most naked shorted stocks on nakedshortreport.com/
- Buying dips and holding like a true Apes keeping the floor steady despite heavy shorting last two sessions
- Will rocket soon based on the insane volume- which always precedes price and foretells what real Wall Street Analysts who cover the stock for various equity firms see a realistic price targets.
Conservative valuations also point to a $50-$60 price target.
Jim Cramer slammed the WallStreetBets community on his show yesterday, saying that we are losing their touch at identifying stocks which have been beat down by short selling but have good fundamental value. We clearly beg to differ. This is a stock that had been shorted to death and whether there is a real short squeeze here or not, there are fundamentals worth paying attention to.