FutureLand Corp (OTCMKTS:FUTL) promulgates itself as a cannabis and hemp land leasing company based in Colorado and formed to capitalize on the emerging global cannabis market. FutureLand focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States.
The stock is also special for being widely shorted and could be poised for a short squeeze move.
According to OTCShortReport.com, FUTL has been shorted on more than half of all trading volume over the past month. And, in that time, shares have advanced significantly, suggesting that shorts could be on the ropes and close to covering if the stock pushes any higher.
"Shorting" a stock involves borrowing shares and selling them in order to buy them back at a lower price and return them to the loaner. Ideally. However, if shares rise after you sell them short, you have to buy them back at a higher price, incurring losses.
Sometimes, a rally can extend high enough that shorts are forced to cover in panic due to margin calls from their brokers, as we saw recently in GME, AMC, BB, GSX, etc.
The cannabis space is one of the hottest areas in a red-hot stock market right now. And FUTL is seeing gains as part of that group. Given the heavy short interest in play here and the potential for new catalysts to come from the company after a long quiet period, the stock could be an interesting squeeze candidate.
The stock is also special for being widely shorted and could be poised for a short squeeze move.
According to OTCShortReport.com, FUTL has been shorted on more than half of all trading volume over the past month. And, in that time, shares have advanced significantly, suggesting that shorts could be on the ropes and close to covering if the stock pushes any higher.
"Shorting" a stock involves borrowing shares and selling them in order to buy them back at a lower price and return them to the loaner. Ideally. However, if shares rise after you sell them short, you have to buy them back at a higher price, incurring losses.
Sometimes, a rally can extend high enough that shorts are forced to cover in panic due to margin calls from their brokers, as we saw recently in GME, AMC, BB, GSX, etc.
The cannabis space is one of the hottest areas in a red-hot stock market right now. And FUTL is seeing gains as part of that group. Given the heavy short interest in play here and the potential for new catalysts to come from the company after a long quiet period, the stock could be an interesting squeeze candidate.