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This is not a short squeeze just a good old fashioned undervalued growth name:
Funds have been increasing their positions in this name for 12 months straight, below are the stats on the number of funds holding a position at the end of the quarter and the growth rate quarter over quarter.
Earnings Highlights from 10th September 2021
Operating Highlights for Second Quarter 2021
Quite a few people saw the headline of an increased net loss and a lower than expected EPS haven't they haven't taken into consideration that the funds where used for GROWTH.
"We increased investment in self clearing, user acquisition and talent recruiting, which are essential to our future growth, which resulted in increasing operating costs and expenses compared to same quarter last year"
I personally have a position from open at $14.19 then added at $15.04 I like this for a potential swing and longer term play.
Disclaimer: I trade for a living and not every trade will work such as the $XL trade. Which is why I have risk management in place.