Anticipating a Mega Short Squeeze 🍾10 Apr 2024 06:49
Morning all,
MMs were busy working on large orders from big players yesterday, most likely related to Mangrove's 13.5 million of shorts that need to be closed after yesterday's RNS or risk significant losses. My estimation is that Mangrove nearly bought 1 million shares yesterday, leaving them with approximately 12 million shares or fewer remaining, so they will have to cover very soon. This gives us until next week to reach 120p if we all continue buying and hold.
I hate short sellers, and this situation is shaping up to be one significant short squeeze in 2024. 🥂
09-Apr-24 17:33:09 41.138 711,870 Unknown* 40.40 40.95 292.85k
09-Apr-24 17:07:56 40.75 262,500 Unknown* 40.40 40.95 106.97k