FAZE HOLDINGS (NASDAQ: FAZE)
According to Bloomberg Data, just over 75% of Faze stock on the market is being sold short by bearish traders. The short float is 20% larger than the second-most shorted stock in the U.S. right now – plus-size women’s clothing retailer, Torrid Holdings (NYSE: CURV).
Set up for a traditional meme stock short squeeze?
– Snoop Dogg is on its board of directors (yes, Snoop)
– The company basically 'owns' the worlds best esport players
– Has 500m followers across social media
– $1b market cap
– Gamma squeeze will and truly in play with thousands of calls nearing strike price
– Cost to borrow for shortest is extreme – some shareholders have been offered 700%. Basically shooters are balls deep.
– But, little traction on Reddit, so far.
Article: Why a Faze Holdings short squeeze could be bigger than BBBY, GME and AMC
“The big question; is the massive Faze social following a sleeping giant and can those followers be activated and motivated in a short squeeze scenario?
“If they could, a faze stock short squeeze could be devastating for the aggressive short sellers.”
Leave a Reply