A REVERSE SPLIT JUST CAUSED A GIANT SHORT SQUEEZE!! - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/CaesarApeson/status/1608852217079136265
https://twitter.com/NateDaddy33/status/1608976861211815936
https://twitter.com/Tony_Denaro/status/1609943429219495936
https://twitter.com/AMCbiggums/status/1608828730159550465
A reverse split just caused a GIANT short squeeze over the last few days.
IRON recently experienced a 10 for 1 reverse split and CUSIP change on 30th December 2022 and ran up 1,100% in a single day.
A number of other NYSE listed stocks also experienced giant squeezes as high as 2,400% over the last year or so.
This just proves that reverse split of AMC could indeed cause the squeeze, forcing the shorts to cover.
Especially as the borrowing rate continues to rise on AMC, meaning the shorts have to pay more and more money to locate and borrow AMC shares to short.
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