IBIO - Aggressive Shorter's Could get Squeezed on Short Week
2024-03-28 09:59:09 ET
DENVER, Colo., Mar 28, 2024 ( 247marketnews.com )- Trump Media & Technology Group (NASDAQ:DJT), iBio, Inc. (NYSEAMERICAN: IBIO ), Xilio Therapeutics, Inc. (NASDAQ: XLO ) Biodexa Pharmaceuticals (NASDAQ: BDRX ), and Brera Holding ( NASDAQ:BREA ) are listings that could force a short squeeze.
In case you didn’t notice, Trump is wearing his new company symbol like a monogrammed handkerchief, as Trump Media & Technology Group (NASDAQ:DJT) continues to trade above $60, on heavy volume, and already traded a million shares today, hitting a high of $69. This should remain one of the most talked about stocks for the foreseeable future.
iBio, Inc. (NYSEAMERICAN: IBIO ) shares have been on a tear, up nearly 200% from when we covered it, yesterday morning, and it continues to surge this morning with more than 7.62 million share trading volume. The stock is estimated to only have 3.4 million shares in the tradeable float and is on the verge of trading twice that in this pre-market session. The stock hit a high of $4.91 in pre-market, and looks like it could squeeze into the session, with the greater market.
Xilio Therapeutics, Inc. (NASDAQ: XLO ) announced a licensing deal with Gilead pharmaceuticals today along with a $11 million dollar funding. Shares are on the threshold list and the stock is currently up more than 190% on the day.
Biodexa Pharmaceuticals (NASDAQ: BDRX ) has more than doubled on Brain cancer news. The stock has an estimated 964k shares in the float and has traded more than 7.5 million (7x) and is on track to eclipse its highest trading day ever of more than 30 million shares where it hit a high of $8.81 a share.
Brera Holding ( NASDAQ:BREA ) shares returned to the Short Threshold list and Fintel estimates the short position of more than 150K shares. Shares were shorted into the market in the $1.70 range, on a stock with an estimated float of 3 million shares. The company is currently looking for acquisition targets and recently had a huge run into the $4 range.
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Aggressive Shorter’s Could get Squeezed on Short Week