The telling slide is the price chart going back a few years showing Carvana CVNA trading at $350 a share! The stock tumbled down like a “black diamond” ski slope and along the way, the shorts have pressed their bets.
More recently the stock is moving higher in a short squeeze, something like what we saw in Gamestop GME and AMC Theaters AMC a few years back.
The question is how long with the gamma squeeze continue on this stock and can it get its financial house in order. If it does that, then the squeeze will only continue. With 49% of the float sold short, this squeeze could have more legs,It will only run as long as the buyer buy more and the shorts continue to cover… and that has a odd way of stopping … and also has some dramatic consequences. $Carvana Co.(CVNA)$
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