Is BlackBerry (BB) Setting Up for a Short Squeeze?
BB surged today following the announcement of its Cylance asset sale to Arctic Wolf for $160M in cash and equity. This strategic move has boosted investor confidence and could trigger a short squeeze.
Why It Could Happen:
1. High Short Interest: BlackBerry has been heavily shorted, and today’s rally may force short sellers to cover their positions.
2. Catalyst in Place: The divestiture strengthens BlackBerry’s focus and liquidity.
3. Increased Volume: Strong trading volume suggests momentum is building.
4. Retail Interest: BlackBerry has a history of speculative retail-driven runs.
Key to Watch
If the rally continues with sustained volume, short sellers may face mounting pressure, fueling further price spikes. Could BB be the next big squeeze?
(Not financial advice. Do your research.)
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