AMC Stock Will Never Hit $10 Again...

AMC Stock Will Never Hit $10 Again...

AMC Stock and GME Stock Is Approaching The Threshold For a Sharp Upward Move
S3 Partners data analytics firm specializes in analyzing short activity, float, and financial risk. In a recent interview with Yahoo Finance, S3 Partners CEO Bob Sloan said that if GameStop (GME) - Get GameStop Corporation Report stock goes above $30 per share, it could go parabolic. Sloan points to the fact that there are about one to two billion dollars in short interest in GameStop, which could act as fuel for a new short squeeze. Sloan added, though, that super-high short interest is not necessary to catalyze a short squeeze. Rather, short squeezes occur when shorts (however many there are) start experiencing unacceptable losses after a sharp uptick in an underlying share price.

Disclaimer: I am not a financial advisor and the topics discussed in this video are not to be taken as investment advice. Just my personal opinion being shared. Nothing more.

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