Maor_C

SRG - Long (Short Squeeze)

Long
NYSE:SRG   Seritage Growth Properties
REIT, Starts its way up down from March bottom supported by an ascending tunnel.
Inst own - 88%
Short float - 38%, 33M shares float, short ratio - 19
All the mention above could increase our trading idea.
In the last trading day - we can see a unusual high volume , which could make the short traders close their positions by buying the stock to cover.
*We have not yet a confirmation to enter the trade!*
Goodluck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.