MicroStrategy Inc (NASDAQ: MSTR) achieved worldwide recognition due to its former CEO, Michael Saylor, passionate support of Bitcoin (BTC), the leading cryptocurrency. Now, MSTR stock could be on the edge of a short squeeze following BTC’s action.
The stock market has seen increased short interest in MicroStrategy stocks, with nearly 20% of all shares in short positions. According to Fintel on March 13, MSTR’s short interest rate is currently at 19.31%, with 2,887,416 shares.
Interestingly, considering its daily volume, this would require 0.87 days to cover all short positions in the event of massive liquidations. Therefore, increasing the likelihood of a short squeeze, driving MicroStrategy’s price upwards amid a surge trigger.
MSTR stock short interest. Source: Fintel
What do analysts say about an incoming short squeeze for MSTR stock
On that note, Bitcoin Munger shared a short-squeeze alert for MSTR stock on March 12, mentioning MicroStrategy short-sellers are und
We współpracy z: https://finbold.com/major-short-squeeze-incoming-for-microstrategy-stock/
