- Seeking Alpha longs have warned that increasing short positions in Cassava Sciences stock could result in a “short squeeze.”.
- For at least several days, comments on Seeking Alpha have disclosed that retail longs are receiving telephone calls from their brokers, asking if they are willing to loan their shares.
- Borrow rates are approaching 80%, and depending on the broker, there have been cases when there have been few or no shares available for borrowing.
- I have never seen a case where the borrow rate is this high and/or retail investors receive telephone calls from their stockbrokers asking if they are willing to loan their shares to shorts.
- I recommend that you buy-and-hold stock in Cassava Sciences, not just for a possible short squeeze but for the long-term and market-based upward drift in price-per-share that all longs expect.
For further details see:
Cassava Sciences, Inc.: Recent Trading Activity Presents An Opportunity