- There seems to be a short squeeze at Torchlight, with which Metamaterial is merging to list on NASDAQ.
- Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position.
- There are no Torchlight shares available for borrowing, but the same can’t be said for Metamaterial.
- I think that Metamaterial is an exciting startup, but the end of the short squeeze is likely to push down its shares back to around $3 per share.
For further details see:
Time To Sell Metamaterial, The Short Squeeze At Torchlight Appears To Be Ending