Hello WSB. I’ll try to make this as simple as possible. 📝
DD will primarily focus on stock technicals and updated SI numbers for WKHS.
Quick facts I want to share:
• WKHS will be on S S R (Short Sale Restriction) today (Friday)
• WKHS hit a record high of short float yesterday (Details later)
For reference, last time WKHS was on S S R (June 7) it had a green close + rally.
WKHS along with the most popular WSB tickers had a rough day yesterday, but it seems Pre Market is optimistic for today! 📈
Now what encouraged me write this DD is Ortex’s “Short Squeeze” signal issued on WKHS earlier.
As a subscriber, I further looked into the SI numbers on the Ortex site.
Here’s the updated SI stats as of Yesterday:
And yep… Took me a while to soak those numbers in also… 🤯
Recently WKHS has been creating “higher lows” closing positive 3 of the last 4 trading days.
Yesterday, it showed major support at the $15 line.
With rising trading volume + mentions across social media platforms it truly seems like this could be the prime stock for a legitimate “squeeze”
So far it’s just gone up on momentum alone.
I also believe bears have run low on excuses to short
• Last week: WKHS got a downgrade from Cowen
• Earlier this week: RIDE flash crashed and bears expected it to ripple into WKHS
• Yesterday was probably their best bet for downside movement (CPI data fears)
And yet, all in all, WKHS has held steady (+5% week over week)
Upside potential is just TOO great for me.
I am personally loaded with 30k shares and averaging!
Anyway, I should stop now as I’m on mobile and it’s getting late so if that seemed quick I apologize!
To make up for it I looked up the SI stats for the “Daily Popular Tickers” (via Ortex) $CLOV $CLNE $BB
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