Tilray stock short squeeze
Within two months of its IPO, shares of cannabis stock Tilray (TLRY) had skyrocketed by nearly 18x on the back of an epic low float short squeeze. Looking at the sharp spike in the cost of stock borrow for Tilray largely telegraphed in advance the biggest part of this squeeze. When the squeeze kicked in. Of course today's action in Tilray is one of the biggest short squeezes I have ever seen -- that any of us have ever seen and it is very wrong, obviously, that its market cap is two-thirds the size of the entire sector. But I have to tell you I do not for one moment think it is anything Its initial share price: $17. As of a month ago, its price had about doubled, to around $35. But in recent days, Tilray’s stock has skyrocketed well past $200. The company is now worth more than $20 billion — more than American Airlines, Expedia, and pharmaceutical company Mylan. Pot stock Tilray, Inc. ( TLRY) is trading at $225/share (+$70 in premarket trading). The short squeeze is reminiscent of Robert Wilson’s legendary short in Resorts International. Indeed, in dollar terms, Tilray is now the largest short squeeze in history.
Tilray Inc. (NASDAQ: TLRY) Short Squeeze Analysis During the last five days of trading, from October 30, 2019 to November 05, 2019 TLRY had a staggering 859,138 shares shorted while trading a total of 4,562,962 shares as show the on TLRY short page.
5 Feb 2020 Stock chart of Cannabis company Tilray facing a major short squeeze Many shorters were blown up in the process as margin calls forced them 18 Feb 2020 Tilray Inc (TLRY) is the second of four cannabis stocks in our list and should be a strong squeeze candidate except for the fact that shorts are 13 Aug 2019 For example, Tilray (TLRY) a red hot cannabis stock in 2018, got into an the stock went up so fast (Tilray too) is because of “short squeezes”. 17 Oct 2019 Netflix earnings crushed views; Netflix stock soared. Marijuana stocks rose, led by Tilray stock advanced 4%. There was no It could be a short squeeze after cannabis stock have plunged in recent weeks. Please follow Ed 18 Dec 2019 Pot Stock Short-Sellers Net Almost $1 Billion in 2019. By Prolonged rally will lead to short squeeze: S3 Partners. Cannabis Will Eventually Be 21 Oct 2019 This month they are: Tilray Inc., Cronos Group Inc. and Village Farms Top 5 stocks with the highest % of float sold short (as of Oct. 17) sometimes it can trigger a short squeeze (the price of a stock spikes upward when 14 Sep 2019 Marijuana stocks were all the rage in 2018, driven by the explosive short squeeze in Tilray. That stock exploded from $30 to $200 in a matter of
Short Volume. TLRY / Tilray, Inc. short volume is shown in the following chart. Short Volume is a data set that can be used to understand investor sentiment. When an investor makes a short sale, they do so with the belief that a security will decline in price. If the short sale volume increases as a percentage of the total volume,
Tilray stock price is irrationally overpriced. The lockup period for a major holder of the stock expires on January 15th. Tilray stock remains lofted and this may be the case if none of the
The short squeeze was more pronounced. -- As the Tilray chart shows, the stock was sold short as high as $280. The last tranche of Tilray stock was bought to cover at $24.
5 Feb 2020 Stock chart of Cannabis company Tilray facing a major short squeeze Many shorters were blown up in the process as margin calls forced them 18 Feb 2020 Tilray Inc (TLRY) is the second of four cannabis stocks in our list and should be a strong squeeze candidate except for the fact that shorts are 13 Aug 2019 For example, Tilray (TLRY) a red hot cannabis stock in 2018, got into an the stock went up so fast (Tilray too) is because of “short squeezes”.
Its initial share price: $17. As of a month ago, its price had about doubled, to around $35. But in recent days, Tilray’s stock has skyrocketed well past $200. The company is now worth more than $20 billion — more than American Airlines, Expedia, and pharmaceutical company Mylan.
Its initial share price: $17. As of a month ago, its price had about doubled, to around $35. But in recent days, Tilray’s stock has skyrocketed well past $200. The company is now worth more than $20 billion — more than American Airlines, Expedia, and pharmaceutical company Mylan. NASDAQ, Inc. short interest is available by issuer for the past 12 months and updated twice a month. Short interest data is reported on mid-month and end-of-month settlement dates . As of the end of September, Tilray was the only major cannabis stock with a short percent of float above 27%, and it has only crept higher in October. The short squeeze was more pronounced. -- As the Tilray chart shows, the stock was sold short as high as $280. The last tranche of Tilray stock was bought to cover at $24. The short rate on Tilray went from 17% in August to over 200% earlier this month and now tops 400%.* (note: these rates are not constant and vary from firm to firm, though they tend to move in The lockup period for a major holder of the stock expires on January 15th. Tilray stock remains lofted and this may be the case if none of the Privateer shareholders sell their stocks. Within two months of its IPO, shares of cannabis stock Tilray (TLRY) had skyrocketed by nearly 18x on the back of an epic low float short squeeze. Looking at the sharp spike in the cost of stock borrow for Tilray largely telegraphed in advance the biggest part of this squeeze. When the squeeze kicked in.
• According to algorithms at The Arora Report, the vast majority of the rise in marijuana stock Tilray is due to a short squeeze. • A short squeeze occurs when short-sellers, who bet on stocks The short squeeze was more pronounced. • As the Tilray chart shows, the stock was sold short as high as $280. The last tranche of Tilray stock was bought to cover at $24. TLRY stock went from as low as $25 in August to as high as $300 in September. In one extraordinary day, Tilray shares went from $160 up to $300. Short sellers have seemingly been overconfident with Tilray stock. With its $10 billion market cap, it’s easy to think the stock is too big to squeeze like that. Tilray Inc. (NASDAQ: TLRY) Short Squeeze Analysis During the last five days of trading, from October 30, 2019 to November 05, 2019 TLRY had a staggering 859,138 shares shorted while trading a total of 4,562,962 shares as show the on TLRY short page. Tilray stock price is irrationally overpriced. The lockup period for a major holder of the stock expires on January 15th. Tilray stock remains lofted and this may be the case if none of the Tilray has served as a textbook example of a short squeeze over the last few weeks. The company has a low stock float with only around 17.8 million shares available for trading. It has a high level of short interest.