Jerry_Jacobs1
1年前
Read an article today about this company that gives many reason for being bullish on PODC's future. The company just listed on NASDAQ a few weeks ago during the big September sell offs and its stock got pushed from the listing price of $8 down to below $2 at one point, apparently by short sellers. Key numbers from NASDAQ short report shows 335,099 as the short interest, 1.3m is the public float and the 10 day trading average before today was under 40k per day. So it would take about 9 days of 100% short covering volume to close out that short position. And that was the amount of shorts on Sept. 29. The stock dived lower on low volume in the weeks since then, so the short position is probably a lot higher now. The article says maybe 50% or more sold short as of today and that would mean about 18 days to cover. This is the podcasting network that has the shows for Adam Carolla, Brendan Schaub, Tpain, Jordan Harbinger, LadyGang, Friday Night Lights guys and many more high profile podcasters who all just got granted stock with the listing on NASDAQ. Think they might start telling people to buy the stock now that they all own a few hundred thousand dollars of it? Probably, but no matter what I think the days of this stock being unknown are probably over. Here is the article I read, lots of interesting components to the bull case here - https://open.substack.com/pub/microcapmaven/p/the-podcast-one-network-nasdaq-podc?r=1w1kmg&utm_campaign=post&utm_medium=web
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