BB Stock – BB$ Stock Weekend DD before Jun 7th 2021. Rockets up. via /r/wallstreetbets
BB$ Stock Weekend DD before Jun 7th 2021. Rockets up.
Share Structure: Shares outstanding = 566.22M
Shares held be insiders = 1.48%
Shares held by institutions = 42.39%
Shares in the float = 56.13% = 317,819,286 Short interest = 50.23M (which could be a lot higher with the gap in reports) Short volume Friday = 23.69% = 41,266,003
At least 1/3 of the trading float will need to cover and it can’t be done in one day. That’s why all these hedge funds are calling up their pals to write all their bear stories to try to induce panic/fear selling to help them because they have leveraged too much risk into the trade.
Sounds like they didn’t learn their lesson from 2008. If the accumulation continues with high volume days, bears and hedge funds are in big trouble.
Submitted June 05, 2021 at 11:07PM by polakfury