![]() ![]() Torchlight Energy (TRCH) Stock - Why It CRASHED & Short Squeeze Prediction. TTCF Short Interest Tattooed Chef, Inc Class A NASDAQ Stock Short Squeeze. Torchlight said last week it would raise $100 million by selling its shares, following in the footsteps of other beneficiaries of meme stock rallies such as GameStop Corp and AMC Entertainment Holdings. The average Torchlight Energy Resources stock forecast 2023 represents a -11. and preferences are sure to find something that piques their interest. They are performing a reverse merger with METAMATERIALS to get them on the Nasdaq. meaning, any naked shorts would have to return to the broker the dividend (that has yet to be. Potential Squeeze With DD Many of us know and love TRCH, and many more should. ![]() ![]() Torchlight shares, which have mostly been on the rise since June 11, pared some gains but were still up 30% at $8.13 at 11:08 am E.T. So, on the record date of TRCH, a naked short seller whom had an open position in TRCH and didn't cover was caught and that the dividend they were bound to was structurally incompatible with short selling and would cause a technical short squeeze. Dividend Catalyst: Torchlight Energy (TRCH), the NASDAQ company MMAX combined with, is completing the sale of their land with 3.5 billion barrels of oil in January/February. The stock also had a short interest of 24.7% of freefloat, latest data from analytics company Ortex showed.Īfter losing $71 million last week, short-sellers had lost another $138 million on Monday after Torchlight hit a record high of $10.88 per share, according to Ortex. Foreign OTC > NASDAQ listings squeeze because Canadian shorts must close 35 days after Jan 21 2022. ĭata from brokerage Fidelity showed Torchlight was the second most traded stock on its platform on Friday, with buy orders outnumbering sell 1.6-to-1. Stocks Stocks: AMC, EXPR, GME, TRCH Two Red-Hot Short Squeeze Stocks to Sell Immediately By Andrew Keene, Special Contributor, Money Morning JI’m here to tell you, the retail. Message volumes on Stocktwits related to Torchlight rose 14%, with more than 98% reflecting positive sentiment toward the oil and gas explorer’s shares. Reuters June 21, 202112:54 PM PDTUpdated 2 years ago June 21 (Reuters) - Shares of Torchlight Energy Inc (TRCH. ![]()
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