Posts  / NU  / #POST-249631
REDDIT

Mini Squeeze possible on NU, pressure building

I think NU has a mini squeeze chance. A move from say 15 to 20 bucks. It does not have the classic 30 or 40 percent of shares short, or the super high borrow rates, no its easy and cheap to borrow. What it does have is a growing short position up from about 110 million shares short 3 months ago to 154 million today. Catalysts are its a good company who just had the best quarter in its history. After last earnings report the short volume went over 60 percent of shares traded in a day for 3 days in a row to stop a technical breakout. That's a lot of pressure to hold back. Technically a weekly close above 16 should signal a breakout and a chance to fill a gap into 17s. Most of the squeezable companies are pretty trashy, its easy to make the case to short it, I am struggling to make a compelling case to short NU. Do you own due diligence, good luck. Who knows maybe I am just looking thru rose colored glasses