Clover Health Investments Corp or $CLOV has had quite the run-up in the past couple of weeks. It’s up 30% from the 24th of May alone. I looked through the stock and here’s what I found:
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Extremely high Short Interest (40%+), this is known to be a WSB favorite identifier.
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High institutional investors who can’t sell until the stock hits 30$ for 90 days. Stock is currently at 9$.
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Recently joined MCSI index and had a nice run-up from 7.7 to 9
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ZERO DEBT, 700 million cash, unlike AMC, no risk of dilution!
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Will be added to Russel 3000 soon, should be another nice reason to begin lift off
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Available shares to short almost done and BORROWING rate going up, doubled last week.
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They beat earnings two weeks ago!
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Backed by Chamath and Clintons
Thoughts?