MAXN is currently in a short squeeze!!!
$Maxeon Solar Technologies (MAXN.US)$ Maxeon Solar Technologies (MAXN) is currentely in a short squeeze due to:
1. High Short Interest: 94.26% of its floating shares, or 29,560,000 shares, are sold short as of August 15, 2024. This indicates a high level of short selling activity.
2. Low Days to Cover: The days to cover, based on average daily trading volume, is only 0.73 days, meaning it wouldn’t take long for short sellers to cover their positions. This high short interest could quickly trigger a short squeeze if the stock price rises.
3. Increasing Short Interest: Short interest increased by 16.6% from the previous period, showing bearish sentiment. A sudden shift in sentiment or positive news could increase the risk of a short squeeze.
Overall, MAXN’s high short interest and low days to cover make it vulnerable to a short squeeze, requiring caution from short sellers.
1. High Short Interest: 94.26% of its floating shares, or 29,560,000 shares, are sold short as of August 15, 2024. This indicates a high level of short selling activity.
2. Low Days to Cover: The days to cover, based on average daily trading volume, is only 0.73 days, meaning it wouldn’t take long for short sellers to cover their positions. This high short interest could quickly trigger a short squeeze if the stock price rises.
3. Increasing Short Interest: Short interest increased by 16.6% from the previous period, showing bearish sentiment. A sudden shift in sentiment or positive news could increase the risk of a short squeeze.
Overall, MAXN’s high short interest and low days to cover make it vulnerable to a short squeeze, requiring caution from short sellers.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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