Is Reddit (NYSE: RDDT) Stock Headed for a Short Squeeze?
Friday, 17 May 2024, 09:24
Reddit Stock Short Squeeze Alert: Investors Beware
The rollercoaster ride of Reddit (NYSE: RDDT) stock continues with sharp valuation increases and short-selling activity.
Key Updates:
- RDDT shares surged following a deal with OpenAI, reaching $63.50.
- Short interest in RDDT stock is at 13.16%, potentially causing losses to short-sellers.
- RDDT stock has shown resilience in the market despite short-selling pressures.
Since its IPO nearly two months ago, Reddit (NYSE: RDDT) has been a rollercoaster ride for investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.