2023-07-20 14:44:38 ET
- Sirius XM stock ( NASDAQ: SIRI ) has seen multiple volatility halts Thursday afternoon, jumping 35% in a matter of minutes on no available news.
- The stock was first hit a volatility pause trigger at 2:22 p.m. ET, and was halted twice more by 2:35.
- Squeeze action is certainly moving the stock higher: With short interest at 34.5% of the float, Sirius XM ( SIRI ) is one of the most shorted stocks on the Street.
- The move is its biggest intrasession gain in 14 years, and it brings the stock to a two-year high.
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Sirius XM, heavily shorted, jumps 35% and triggers halts