- Cyren is a cybersecurity firm that recently completed a 1-for-20 reverse split to avoid getting delisted from Nasdaq.
- The company’s valuation has been soaring for the past two weeks and it seems the likely reason for this is a short squeeze fueled by retail investor interest.
- Short squeezes rarely last long and it could be worth short-selling Cyren shares even at a short borrow fee rate of above 400%.
- However, this is risky and it could be better to wait for put options to become available or for short borrow fee rates to decline to more reasonable levels.
For further details see:
Cyren - A Short Squeeze Could Present Short-Selling Opportunities