SPRT Stock Is About To Squeeze: Get Ready | Fintech Zoom
SPRT stock is up more than 1100% year-to-date and is getting ready to blow. It saw more than a 180% jump last week and retail investors are anticipating this is only the beginning.
The stock closed at $26.33 on Friday (8.27) after reaching an all time high of $59 per share. The stock remained in green territory despite the selloff from quick traders.
Welcome to Franknez.com – SPRT stock has a short interest of 75% and we need to talk about this.
Lets get started!
SPRT Stock Short Interest
That’s right, according to Ortex SPRT has a short interest of 75.80%. This means approximately 3/4ths of the stock’s float is being shorted.
Community, SPRT stock is massively shorted. If you took profits this past Friday congrats on your gains. I know a lot of you moved these to either your AMC or GME stock positions.
However, this runup seems to have been just that, a runup. Retail investors are anticipating a short squeeze from SPRT stock in the next few trading days of September.
SPRT has an average volume of 13 million but topped at 166 million this past Friday (8.27). This massive volume pumped SPRT stock price up to the $50 range and beyond before getting shorted down to the mid $20 range.
SPRT Short Volume Ratio
SPRT stock had a short volume ratio of 49.45 on Friday, via Fintel. This means almost half of the volume on Friday was being shorted. Even then, the stock was able to make massive moves and still finish green both intraday and after hours.
The gamma squeeze we experienced on Friday seems to only be the beginning. The short interest is ridiculously high and with the overall float being much smaller than that of AMC or GME, there are more shorts in this play that will get wrecked short-term.
Why Haven’t We Heard of SPRT Stock?
In all honestly I have to blame myself. I should be on top of these plays and providing the information out to you so that you may digest the information and make a financial decision for yourself.
Two of the biggest plays in the ape community are AMC and GME. This is not going to change. However, I will be sharing information from other plays where the community can multiply their money. These plays will be updated on the momentum stocks tab of the blog.
There’s a lot of information and plays out there that simply haven’t had the reach they need to make an appearance to us at scale. For this reason is why I will make this platform a designated place where you can find this information out from.
Should You Buy SPRT Stock?
SPRT stock ended the trading day on Friday (8.27) with the MACd crossing downwards. This leads me to believe that SPRT stock will continue to drop in share price before finding a new level of support.
There is massive volume coming into this play right now that can easily deflect short sellers and counter with a bounce.
If you’re looking to get in on this play before it squeezes, try to get in during a dip on Monday’s market open. The biggest signs pointing towards a short squeeze is how high the short interest is.
After the rally up to $50+ dollars, the short interest did not go down. Meaning short sellers did not cover their positions but rather continued to short the stock.
Well now there’s exposure. More retail investors now know that there is a stock out there that was being shorted on the hush hush with over 75% SI.
Retail investors who made money on SPRT’s runup have moved gains over to AMC or GME stock. Since SPRT has not squeezed yet, this momentum play could be a great way to multiply cash at hand for your main short squeeze plays.
Is SPRT Stock A Distraction?
SPRT stock is not a distraction. GME apes at one point believed AMC to be a distraction but the community noticed the incredible opportunity with this stock as well.
SPRT simply has not been exposed to the community. If there’s something I’d like you to take from Franknez.com is the amount of opportunities that will present themselves to you when you visit the blog.
You have a choice to keep HODLing your main plays, or to put some money in this incredibly shorted stock. No matter what you choose to do, you will always have opportunities to multiply your money.
I will only use my blog for good. All the information I publish here will be with sentiment in wanting to help you make life-changing plays and moves. If I don’t believe in it, or don’t think it will benefit you then I will not publish it on my site.
With that being said, I’m doing a giveaway to the first 100 FrankNez Patreon members. We are currently at 34/100. Once we hit 100 members, every single one of you will be receiving a free gift, sponsored by my company.
Thank you for reading FrankNez and for supporting the blog every way you do.
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