MDLY - Medley Management stock soars as retail investors tout stock on social media

Medley Management (MDLY) doubles in premarket trading as the stock appears to be getting retail trader interest on social media platforms, such as Reddit and Discord.Some investors on Discord have been pointing out the company's low float, which makes it easier to move prices up or down, according to Pulse 2.0.It only has ~3.06M shares outstanding. The stock also has a short interest of ~14%, which could make it a short-squeeze candidate.In the past year, MDLY's total return has declined 34% as seen in chart below.Early this month, MDLY received a noncompliance letter from the NYSE due to its delay in filing its quarterly report for the quarter ended March 31, 2021.

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Medley Management stock soars as retail investors tout stock on social media