Could Support.com, Vinco Ventures See GameStop-, AMC-Style Short Squeeze?

Benzinga2021-09-02

Support.com and Vinco Ventures, Inc. are up more than 200% over the last month amid increasing retail investor interest.

Ihor Dusaniwsky, head of predictive analytics at S3 Partners, says a sizable short squeeze in Support.com and Vinco Ventures may not ever occur, he said Wednesday on CNBC.

Most people are familiar with the short squeezes that took place in GameStop  and AMC Entertainment, which Dusaniwsky refers to as "OG meme stocks."

The move starts with "act one," which entails relentless buying, pushing the stock price higher. This is followed by "act two," in which short sellers cover their positions, creating a short squeeze situation, Dusaniwsky said.

"We've got the act one in stocks like BBIG and SPRT, but unfortunately there's not enough short selling to have a big effect on the stock price."

There are 6 million shares being shorted in Support.com and 10 million shares being shorted in Vinco Ventures, he told CNBC.

Even if the short sellers cover their positions, it won't affect the share price much because it's such a small amount of shares compared to the daily trading volume, Dusaniwsky said.

"I'm not saying there's not going to be a short squeeze in these names, because there very well could be."

Dusaniwsky told CNBC the squeeze just isn't going to be nearly as significant as the ones that took place in GameStop and AMC Entertainment.

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Comments

  • HappyTrade
    2021-09-03
    HappyTrade
    Good
  • CL777
    2021-09-03
    CL777
    Will it fall below $20?
  • LeonardKSW
    2021-09-02
    LeonardKSW
    Yes..pls squeeze it
  • Daveb
    2021-09-02
    Daveb
    Haha they just wont stop trying to take the attention away from GME and AMC. For any retail investors who have not yet purchased GME or AMC it should by now be becoming clear that the majority of these investor news sites ( mostly owned by shorting HFs )are well aware that something BIG is going to happen with these two stocks and are doing their best to stop more retail investors from profiting at their expense. These two will be top investments of the decade. They will surpase crypto when they MOASS. ??✊?
  • Atomolecule
    2021-09-02
    Atomolecule
    Yes yes yea yea
  • maxwellC
    2021-09-02
    maxwellC
    Praying 
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