Rivian ($RIVN) has 20% short float and sentiment that hasn't caught up with good news
The cars are everywhere, and the stock itself is primed for a run. The shorts haven't covered yet because sentiment hasn't caught up with the positive results in the most recent earnings!
This is the perfect match that can lead to a squeeze. Large short float plus sentiment looking for a spark to reverse. 20% of the float is shorted, and the shorts are doubling down.
Currently at $10.70, and has been known to run to $25 easily.
This is the perfect match that can lead to a squeeze. Large short float plus sentiment looking for a spark to reverse. 20% of the float is shorted, and the shorts are doubling down.
Currently at $10.70, and has been known to run to $25 easily.
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Tinkering : bullish