DNMR - Why Danimer Scientific Gained 13% in June
Shares of Danimer Scientific (NYSE: DNMR) were climbing 13% last month, according to data provided by S&P Global Market Intelligence , on what appeared to be a short squeeze. The maker of bioplastics jumped early in the month, surging on the same day shares of AMC Entertainment Holdings skyrocketed. The company was also attacked by a short-seller at the end of May, which helped it attract attention from the Reddit crowd, which focuses on stocks with the potential for short squeezes .
As you can see from the chart below, the stock soared in the first week of June before cooling off later in the month.
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Why Danimer Scientific Gained 13% in June