*I am long common shares & ITM Call Options.
$MARA General Info:
Market Cap: $825M
Average Daily Volume: 27M
Price when posted: $7.03
Short Float: 45% (FINRA bimonthly report 1/13)
Short Interest: 51,265,000 shares (marketwatch, data from FINRA report)
Reasons to take a closer look at $MARA … Indications $MARA is an ideal candidate for an immanent Gamma Short Squeeze:
- Over 50 Million shares shorted
- Short Float: 45% (4th highest on the most recent 1/13 FINRA biMonthly report
- Shares Shorted: 51,265,000 (plus at least 2.15M more the past 2 days, according to iborrowdesk)
- 3 of the companies on the Top 4 highest short float list ( Bed Bath & Beyond Inc .. Carvana .. Silvergate Capital Corp ) have moved up at least 50-100% the past week or two… MARA is the only one left and likely to follow suit due to the similar size of short interest and short float
- many FTDs still unsettled (FINRA data)
- MARA has been a top ticker for “unusual Options” the past 2 days ($9 calls and $15 calls…and investor bought $100K worth of these calls)
- Evidence of increased attempts by Shorts to manipulate price down with repeated Short spikes the past couple if days- all of which have been met with strong buying (Leading to the repeated “V” patterns in the stock chart. (a sign of weakness by shorts/ strength by longs)
- currently a Bull Pennant Chart Pattern- very close to a breakout (which indicates possible $6 move up). A Bull Pennant Chart tend to have a more explosive breakout than the similar Bull Flag Chart
- Analyst rating: Buy Rated (rare for highly shorted companies). Average analyst Price Target: $12 (According to Webull)
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