(QS), (WKHS) - Why QuantumSpace Is A 'High-Level Short Squeeze Candidate'
Share: Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. The stock’s performance in the last two weeks is certainly impressive, but a spike in borrow rates suggests the big move may just be getting started. Major QuantumScape Squeeze Coming? On Wednesday, S3 Partners analyst Ihor Dusaniwsky said QuantumSpace is rapidly approaching what could be a major short squeeze. QuantumSpace has already accumulated $110.1 million in short interest, about 9.5% of its float, Dusaniwsky said. Workhorse Group Inc (NASDAQ: W...
Source: benzinga.com