$RGC Short Interest Compared To GameStop? The sho
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Posted On: 08/01/2022 1:53:39 PM
$RGC Short Interest Compared To GameStop?
The short squeeze of American video game retailer GameStop Corp. in January 2021 took the market by storm, causing major financial consequences for some hedge funds and large losses for short-sellers. Roughly 140% of the game retailer’s public float had been sold short. There was a mad rush to buy shares to cover those positions, which caused the price to rise further.
Although a number of hedge funds participated, the short squeeze was largely triggered by users of the subreddit r/wallstreetbets.
At the height of that episode, on January 28, 2021, the short squeeze caused the retailer’s stock price to reach a premarket value of over $500 per share. The price was nearly 30 times the $17.25 valuation at the beginning of that month. One ticker that some traders have looked at to also have short squeeze potential is Regencell Bioscience Ltd.
The short volume ratio has a similar pattern to that of GameStop with both averaging over 40% in the past year. In fact, Regencell has sometimes been more heavily shorted than GameStop, with occasional days close to 90% shorted.
https://www.regencellbioscience.com/regencell...-benzinga/
The short squeeze of American video game retailer GameStop Corp. in January 2021 took the market by storm, causing major financial consequences for some hedge funds and large losses for short-sellers. Roughly 140% of the game retailer’s public float had been sold short. There was a mad rush to buy shares to cover those positions, which caused the price to rise further.
Although a number of hedge funds participated, the short squeeze was largely triggered by users of the subreddit r/wallstreetbets.
At the height of that episode, on January 28, 2021, the short squeeze caused the retailer’s stock price to reach a premarket value of over $500 per share. The price was nearly 30 times the $17.25 valuation at the beginning of that month. One ticker that some traders have looked at to also have short squeeze potential is Regencell Bioscience Ltd.
The short volume ratio has a similar pattern to that of GameStop with both averaging over 40% in the past year. In fact, Regencell has sometimes been more heavily shorted than GameStop, with occasional days close to 90% shorted.
https://www.regencellbioscience.com/regencell...-benzinga/
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