- The company recently announced a deal for the supply of 25,000 pounds of live shrimp at $10.50 per pound and is uplisting to Nasdaq.
- This deal is worth only $0.26 and NaturalShrimp can generate annual sales of just $6.6 million at full capacity at $10.50 per pound.
- There could be significant retail investor interest as the company is popular on several social media websites.
- I think the business of NaturalShrimp isn’t worth much in its current state and that this one is a sell.
- However, the short borrow fee rate is over 40%. It could be prudent to wait for the latter to decrease before short-selling.
For further details see:
NaturalShrimp Stock Looks Overvalued Based On Fundamentals