Heavily shorted stocks are ripe for volatility. Regardless of the companies’ current bearish or bullish outlook, there is potential for gains. If the trading activity materializes a short squeeze, these stocks could get a rapid valuation bump as
On September 17th, the company had a major shift in leadership with five new board members appointed alongside David Cote becoming executive chairman, as the former CEO of Honeywell started the year with a Nasdaq delisting notification. On September 6th, the company received “MVPHS Deficiency Letter” letter, standing for Market Value of Publicly Held Shares compliance.
Year-to-date, CNEY stock is down 64%, with the 52-week average price of $0.60. The highest price level in that period was $1.98 per share. Due to reported high debt load and cash burn, CN Energy is likely to experience further shorting. Currently trading at $11 per share, PLCE stock is under the 52-week average of $14.77 per share. Over the last three months, PLCE shares have experienced a 31% rally.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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Source: Investingcom - 🏆 450. / 53 Read more »