Virgin Orbit went public via a SPAC merger in December 2021. Virgin Orbit is the satellite-launching spin-off of Sir Richard Branson’s commercial space travel company Virgin Galactic Holdings Inc. Ortex estimates about 23% of VIEW’s float, or free-trading shares, is now held in short positions, and its low share price could make it an attractive target for traders looking to trigger a short squeeze. View restated its 2021 financial report in May 2022, and the company has guided for revenue growth of between 41% and 62% in the second half of 2022. In November 2021, View said it found “material errors” in its accounting.
Since the merger, the stock has dropped from about $9 to less than $1.40 per share. The company went public via a special-purpose acquisition company, or SPAC, merger in March 2021.
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View designs and sells smart windows that reduce energy consumption. Here are nine stocks primed for the next big short squeezes, according to Ortex Analytics. A short squeeze is a large, short-term spike in a stock’s share price that occurs when a significant number of short sellers are forced to buy shares and exit their positions all at once.
In early 2021, groups of online stock traders on Reddit began orchestrating targeted buying campaigns in some of the market’s most heavily shorted stocks in an attempt to trigger short squeezes. Short squeezes have been among the most popular and controversial topics on Wall Street for the past couple of years.
These stocks have the right conditions to trigger short squeezes. Business & Finance Click to expand menu.
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