Thursday, October 24, 2024

Is This Heavily Shorted Stock Set To Squeeze Bears?

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Thursday, October 24th 2024

Is This Heavily Shorted Stock Set To Squeeze Bears?

Despite succeeding in the rough and tumble world of HR management, one particular firm has also become one of the most heavily shorted stocks in the market.

 

Yet beneath the surface, there are signals that the stock could be on the verge of a sharp rebound—perhaps even a short squeeze that will catch many off guard.

 

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Is Etsy An All-Time Buy Now?

Why is Etsy stock so low? ETSY is down 36.7% year-to-date following disappointing sales reports that missed Street estimates.

 

The stock that nearly reached $300 per share in 2021 but is now trading under $50 per share. Adding insult to injury, Etsy (NASDAQ: ETSY) was recently dropped from the S&P 500 index.

 

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What Price Exactly Should Palantir Trade At?

Palantir Technologies (NYSE:PLTR) has successfully ridden the AI wave of the last two years to produce outstanding shareholder returns.

The stock traded at less than $7 as recently as the beginning of 2023 but has since risen by over 6x. This sudden spike in prices begs the question of whether the market is valuing Palantir appropriately today.

 

Get the full details here

- G. O'Fiachra

 

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