It’s apparent that Reddit is turning bullish on BlackBerry again. On Wednesday, BB was the fifth-most popular stock on Reddit followed by the usual meme suspects like Gamestop and AMC . According to at least one source, BB was the most mentioned stock on Twitter for one day, although that appears to have tapered off.With BB rising as much as it has been, there may be another short squeeze in the works .
According to ShortData.ca, 14% of BlackBerry’s trading volume on June 1 was sold short. ... If the WallStreetBets momentum continues, it could climb to $20. At that point, shorts who borrowed at $9.7 would have to pay back twice what they borrowed. Covering at losses would be a very real possibility. https://www.fool.ca/2021/06/02/...-tsxbb-surges-in-short-squeeze-2-0/ |