$Ashford Hospitality Trust(AHT.US)$
This stock has been overshorted and oversold for the last 2 weeks due to news of 10 to 1 reverse spilt. Yesterday it reached the floor at $1.94.
They will do a reverse spilt after this Fri close. Next Mon will certainly trade up. Reason is so that institutional investors can buy their stock
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Many hedge funds or institutional investors cannot buy penny stock trading below $5.
The worst that this stock is worth nothing below $3. The median is $4.50. At $2 it is a steal.
After completion of the 10:1 reverse spilt. Next Mon hedge fund and institution will waste no time to capitalise on this under value stock.
If the meme found out that this stock has been overshort and jumps in en masse. The shorters will get squeeze high and dry...