- The company recently listed on NASDAQ through a SPAC deal and redemptions were around 90%.
- It seems that retail investors have realized the public float is low and there appears there was a short squeeze on February 17 when the share price hit $80.16.
- I think we could see more short squeezes in the near future, which could create good short selling scenarios.
- Historically, short squeezes rarely last more than a couple of days and if that happens again with Cepton stock, the share price is likely to fall back to around $10-$12 per share once more.
For further details see:
Cepton: Short Squeezes Provide Interesting Short Selling Opportunities