Is a Giant Short Squeeze Brewing in Riot Platforms (RIOT) Stock?
Riot Platforms(RIOT) InvestorPlace·2024-01-26 23:32
Riot Platforms (NASDAQ:RIOT) and a handful of other crypto-related stocks are up and trending on social media and in financial news today. The catalyst for the move from RIOT stock is a slowing of outflows from a key Bitcoin (BTC-USD) exchange-traded fund (ETF). In turn, that development is helping push BTC’s price above the $41,000 mark this morning.That’s not all, though. RIOT stock may undergo a short-covering rally because a high percentage of its shares are being sold short.A Slowing of Outflows Propel ...