JE - Why Just Energy Group Stock Surged 43.7% in January
Shares of Just Energy Group (NYSE: JE) rose 43.7% in January, according to data from S&P Global Market Intelligence . The stock likely benefited from the short-squeeze mania kicked off by explosive gains for GameStop , AMC Entertainment , and a handful of other heavily shorted companies.
The number of Just Energy shares sold short had nearly doubled in December to reach roughly 635,000, while total shares traded across the month came in at just under 796,000. Investors seeking potential turnaround plays with large or rising short interest appear to have poured into the stock in January, and it resulted in big gains for the otherwise beaten-down company.
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Why Just Energy Group Stock Surged 43.7% in January