$PYX Is A Potential Short Squeeze Play
PYX has been ticking up recently as light short covering. We think there's more room to squeeze the shorts as 29% of the float is short. Our only concern is that the stock has been rising on no news. It has been climbing with sympathy among beaten down cannabis names. While we aren't going to shout buy from the top of buildings, PYX is worth watching.Pyxus International, Inc., an agricultural company, engages in the provision of various agricultural products, ingredients, and services to businesses and customers. It offers leaf tobacco; e-liquids used in vaporizers, electronic cigarettes, and other vaping hardware and accessories; and industrial hemp-derived cannabidiol products. The company was formerly known as Alliance One International, Inc. and changed its name to Pyxus International, Inc. in September 2018. Pyxus International, Inc. was founded in 1873 and is based in Morrisville, North Carolina.
As always, trade with caution and use protective stops.
Good luck to all!
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