It is exceptionally high risk to buy a stock that is up 60% premarket. This one is only for the gamblers.
14% short interest. 1.74 days to cover. Borrow rate is roughly 225%! Still shares left to borrow, so a pullback today is a real possibility, though it did briefly exceed the 15 minute opening range breakout threshold for the technical analysis folks out there (30 minute orb still unclear). Short shares available and FINRA volume at the end of the day will shed some light on the potential for this one.
Reiterating, this is a high risk, high reward buy right now. It’s a partially educated guess on the next IBRX, RKT, OPEN, etc. Only some of the ducks are in a row, and it’s still unclear if the bread is in place to finish the job. 🍞🦆