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An apparent short squeeze in
Clover Health Investments Corp (NASDAQ: CLOV) continued Monday despite the stock apparently having a much smaller short interest than some traders believed last week.
On Thursday, Benzinga covered a report by S3 Partners in which S3 ranked several of the most heavily shorted stocks in the market by their short percent of float.
Clover had by far the highest percentage, at 144.7%. The large number immediately raised eyebrows among some traders, but shares of Clover have ripped higher by nearly 30% since the S3 report came out.
Float Miscalculation: In a tweet on Friday, S3 said FactSet supplies the data for its algorithms.
Quote To Start The Day: Cheers to a new year and another chance for us to get it right.
Source: Oprah Winfrey
One Big Thing In Fintech: The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Read More.
with
Roth CH Acquisition Co II (NYSE: ROCC) valuing the company at $788 million. Reservoir Media has over 140,000 copyrights under its music publishing business including hits from Johnny Cash, John Denver, Lady Gaga, Cardi B and Bruno Mars.
The company also has a creative business that represents musicians and has rights to more than 26,000 sound recordings that include popular movie soundtracks. Reservoir Media has not announced any plans to launch NFTs but could be seen as a company that could have upside in the space.
Leading Southeast Asia online food delivery, ride-hailing and digital wallet company Grab, is going public in the largest SPAC deal ever. A merger with
SPAC Wipeout Is Punishing Followers of Chamath Palihapitiya bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
SPAC Wipeout Is Punishing Followers of Chamath Palihapitiya yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.