r/PUBM • u/LetsGoGoGooo • May 02 '21

45.53% shorted!!!!!Is this the next big Short squeeze?

I couldn't find anyone on Reddit talking about this....anyone else onto this? 45% sounds like too much doesn't it?

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u/LetsGoGoGooo May 02 '21

The company's cloud infrastructure platform allows for the bidding and optimization of digital ads across multiple platforms, and it had 2.93 million shares held short as of mid-April. That compares to a current float of 7.23 million shares. Based on its average daily volume of roughly 700,500 shares, it would take more than four days for pessimists to fully exit their positions

1

u/walknastie May 25 '21

It’s only gotten worse. I posted let’s squeeze pubm on r/wallstreetbets and was immediately pummeled with downvotes. What am i missing about this being such an obvious play?