1. Hims & Hers has 35% of its float sold short. 2. The stock has surged 170% over the past year. 3. HIMS has pulled back nearly 25% in the last month. 4. High short interest signals potential for a short squeeze. 5. Retail traders could ignite HIMS shares amidst high volatility.
The significant short interest represents strong speculative interest; similar situations have led to short squeezes. Companies like GameStop previously experienced drastic price hikes due to similar conditions.
The article discusses significant short interest and market dynamics affecting HIMS, which may influence its stock performance directly.
With heightened market interest and potential for retail-driven volatility, immediate movements can be expected. Recent precedents suggest rapid price changes due to short-covering.