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Opinion: Longeveron is the short number that Reddit Apes can thank for this year

Real short sellers should think twice before placing huge bets on a company literally called Longeveron.
LGVN,
+ 145.64%
.

Retail investors hit the attack once again, performing another short-term squeeze on a relatively anonymous stock that pushed Longeveron shares up 145.6% on Wednesday to take the highs. rose in 5 days to 1,000% – as short-term interest in stocks fell, indicating a falling selling price then took some air out of the hot air balloon on Wednesday.

According to data from Ortex, a day after short-selling interest rates were near 120% of their existing floating level, a statistic that has surprised and angered many retail investors, who have always willing to fight short-selling hedge funds that they openly disdain. , the percentage that has moved to the surrounding areas is 80%.

While some retail investors on Tuesday seemed ready to make a profit and started preparing their turkey dinner, let the stock drop nearly 40% on the day as shorts piled back up in three days of full news on super high bio stocks, the temptation was too great to resist on Wednesday with interest rates short-term high and the stock trades at the meme- “bearish” stock.

“If people can hold, this could hit triple digits,” userritz_pancheetz posted on Reddit midday Wednesday, with the stock price hovering around $30. “With hedge funds covered and people holding.”

Users even compare the short-term interest on Longeveron to the short-term interest on GameStop
GME,
-0.99%
,
the greatest of the meme-stock short dragons that many retail investors are still chasing in other names while hoping for the great MoASS to finally reach the video game retailer .

However, it is not Wednesday. GameStop stock is down nearly 1% on the day.

Regardless, Reddit’s Longeveron-lovin’ Monkeys are jubilantly entering the Thanksgiving holiday with huge gains and short-term interest rates down nearly 40% on the day thanks to another signal that short sellers organizations can’t rest while Baby Monkey snooping on data platforms.

For now, however, as one Twitter user has suggested so sweetly, it’s time for everyone in meme-stock land to simply take a day to be grateful to each other.

LAUGH OUT LOUD. They are just resting a bit and will be ready to return in a few hours on Friday short trading day.

https://www.marketwatch.com/story/longeveron-is-the-short-squeeze-reddit-apes-can-give-thanks-for-this-year-11637796042?rss=1&siteid=rss Opinion: Longeveron is the short number that Reddit Apes can thank for this year

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