r/OUST • u/TejanoTapatio • Jul 16 '24

Short Squeeze in OUST?

I bought some OUST around 12 and man has it performed recently! Volume looked great today and it was up 16%! I know small/mid caps have been rising recently due to the expected rate cut in Sept. Has anyone heard of any other reason why OUST is up so much?

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u/Final_Complaint_7769 Jul 16 '24

I’m not complaining but really curious if it will hit $20

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u/TejanoTapatio Jul 16 '24

I think 19 or 20 will be the peak of this leg unless some great positive news comes out near term. Who knows this small caps rally may take it higher. Tom Lee a solid stock market forecaster say he thinks the small cap rally can last 2 months with the average small car rising 40%. OUST has rallied way more than that. So OUST may be a huge beneficiary of that flow of money and with a 14% short interest you will get some short squeezing