1162 days ago
Robinhood is shutting down AMC and GME options trading
Source: Twitter
1162 days ago
BlackBerry rose 13.9% to $21.55 yesterday, bringing its gain for the year to 225%! That is repaying the patience of Prem Watsa and his Fairfax Financial Holdings Ltd., which owns 8.3% of the software firm’s shares, according to data compiled by Bloomberg.
1162 days ago
As shorts were squeezed drastically, hedge funds were forced to liquidate their favorite longs (and likely most liquid) to cover the margin calls and/or losses on the shorts...source: www.zerohedge.com
1163 days ago
Short-squeeze is the name of the game these days. While the rediters are looking at the highest short interest as a % of Market cap within Russell 3000, there are some candidates in the Microcap / Pink sheets space too. For instance, Saddle Ranch Media (SRMX) - which apparently is "a diversified media and entertainment company" has a market cap of $9MM and, according to Bloomberg, a short to float ratio of 129%, or just below that of Gamespot... . Meanwhile, KYN Capital Group (KYNC) - a "capital-finance leasing company" is a $15MM microcap, which according to BBG has an even more ridiculous 399% SI/Float ratio !!! and both of which are pink sheet, microcap companies - Source: Bloomberg, www.zerohedge.com
1163 days ago
We have to admit that the airplane company has seen better days.
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