The GameStop isn’t the only company where greedy short-sellers got punished by WallStreetBets redditors.
Sundial Growers Inc. (SNDL) and Nokia Corporation (NOK) are two other companies where traders with short positions got overexposed.
Currently, their short interest (i.e. shorts / all shares) are 29% for SNDL and 14% for NOK. That’s not some crazy levels that should make short sellers desperate. Yet they could be squeezed some more if there is some coordinated action against them.
To check what market participants think on average, we’ve posted the following questions to Cindicator’s Hybrid Intelligence:
“The shares of Sundial Growers Inc. (SNDL) settled at 1.21 USD at 04:00 PM UTC on Monday, February 1. Will SNDL trade above 2.42 USD (+100%) earlier than trading below 0.61 USD (-50%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 85%
“The shares of Nokia Corporation (NOK) settled at 4.89 USD at 04:00 PM UTC on Monday, February 1. Will NOK trade above 9.78 USD (+100%) earlier than trading below 2.93 USD (-40%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 86%
This suggests that on average Hybrid Intelligence believes that the shares will be pushed higher.
Yet this could also be a sign of excessive euphoria right before the party is over.
Sundial Growers Inc. (SNDL) and Nokia Corporation (NOK) are two other companies where traders with short positions got overexposed.
Currently, their short interest (i.e. shorts / all shares) are 29% for SNDL and 14% for NOK. That’s not some crazy levels that should make short sellers desperate. Yet they could be squeezed some more if there is some coordinated action against them.
To check what market participants think on average, we’ve posted the following questions to Cindicator’s Hybrid Intelligence:
“The shares of Sundial Growers Inc. (SNDL) settled at 1.21 USD at 04:00 PM UTC on Monday, February 1. Will SNDL trade above 2.42 USD (+100%) earlier than trading below 0.61 USD (-50%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 85%
“The shares of Nokia Corporation (NOK) settled at 4.89 USD at 04:00 PM UTC on Monday, February 1. Will NOK trade above 9.78 USD (+100%) earlier than trading below 2.93 USD (-40%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 86%
This suggests that on average Hybrid Intelligence believes that the shares will be pushed higher.
Yet this could also be a sign of excessive euphoria right before the party is over.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.