Is a Short Squeeze Brewing in Canopy Growth (CGC) Stock?
Canopy Growth(CGC) InvestorPlace·2024-04-19 02:59
Among the unlikely winners that are once again seeing strong interest in today’s market, Canopy Growth (NASDAQ:CGC) is on a tear. Shares of CGC stock are up a whopping 25% in early afternoon trading, prompting questions of whether this stock is due for a short squeeze.With short interest as a percentage of the company’s float sitting at about 15%, it’s clear many in the market are taking the other side of this move. That said, when a stock is surging in this magnitude, short sellers can see their trades blo ...