🚀 LAZR Short Interest Update - Potential Short Squeeze Ahead! 🚀
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- Опубліковано 16 кві 2024
- Get ready for some exciting insights into Luminar Technologies (LAZR) in today's Candlestick Ninja analysis!
Short Interest Metrics:
Short Interest: 82,099,423 shares
Short Interest Ratio: 28.71 Days to Cover
Short Interest % Float: 26.35%
Off-Exchange Short Volume: 1,467,716 shares
Off-Exchange Short Volume Ratio: 60.39%
These statistics paint a compelling picture of LAZR's potential for a short squeeze, with a significant amount of short interest relative to its float and trading volume.
Join us as we dive deep into the implications of these numbers and what they mean for LAZR's price action in the near future!
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Per Fintel there are only 40k shares available to short. The good news is shorts require 28 trading days to cover. I Don’t know which institutional owners will trigger the squeeze but I expect we will see it soon.
Thank you for the update. Where do you think will this squeeze gets us? What is more important shares short or off exchange short?
Do you have more examples for squeezes apart from AMC?
I was looking the history up let me see what i can get for you, it was a short squeeze idenfication method article on Investopedia and I also saw it during the squeeze time on Fintel, but let me look and get back to you soon!
Hope this helps still looking the history on FinTel seems to end on 1/15/2024 and is not detailed (maybe if i had premium sub i'd be able too, I guess that's what being cheap in terms of subscriptions get you!) In 2021, AMC Entertainment Holdings Inc. experienced a significant short squeeze, where about 20% of its shares were held in short positions, far above the average of 5%. This led to a dramatic surge in AMC's stock price, from $2.01 per share on January 4th to $72.62 per share on June 2nd, marking a 3512.94% increase in just six months.
The short squeeze was primarily fueled by private investors congregating on Reddit and Twitter, who collectively bought AMC shares they deemed undervalued. Their goal was not only to profit but also to inflict losses on large hedge funds with short positions in AMC stock, which they achieved.
This event garnered significant media attention, symbolizing a triumph for retail investors against traditional Wall Street institutions. It underscored the growing influence of social media in financial markets and the ability of individual investors to impact the stock prices of even major corporations.This also speaks to the short interest being about what LAZR has been at at 25-27% at the time with a high days to cover but still much lower than ours is not, and off exchange volume i read somewhere was over 50% at the time too www.cnbc.com/2021/01/27/amc-shares-triple-as-retail-investor-raid-of-hedge-fund-short-targets-spreads-from-gamestop.html Also reference: www.tradingview.com/x/6SqKL4KD/ So the facts, history lesson, current VIX topping at 19.50 short term speaks to something brewing but it's annoying, trust me, when it just sits it grinds my gears lol
In 2021, AMC Entertainment Holdings Inc. experienced a significant short squeeze, where about 20% of its shares were held in short positions, far above the average of 5%. This led to a dramatic surge in AMC's stock price, from $2.01 per share on January 4th to $72.62 per share on June 2nd, marking a 3512.94% increase in just six months.
The short squeeze was primarily fueled by private investors congregating on Reddit and Twitter, who collectively bought AMC shares they deemed undervalued. Their goal was not only to profit but also to inflict losses on large hedge funds with short positions in AMC stock, which they achieved.
This event garnered significant media attention, symbolizing a triumph for retail investors against traditional Wall Street institutions. It underscored the growing influence of social media in financial markets and the ability of individual investors to impact the stock prices of even major corporations.This also speaks to the short interest being about what LAZR has been at at 25-27% at the time with a high days to cover but still much lower than ours is not, and off exchange volume i read somewhere was over 50% at the time too www.cnbc.com/2021/01/27/amc-shares-triple-as-retail-investor-raid-of-hedge-fund-short-targets-spreads-from-gamestop.html Also reference: www.tradingview.com/x/6SqKL4KD/ So the facts, history lesson, current VIX topping at 19.50 short term speaks to something brewing but it's annoying, trust me, when it just sits it grinds my gears lol
This will end like fisker!