Plug Power, Inc.

PLUG dead cat bounce or short squeeze?

88
PLUG jumped over 9% yesterday on news (financing deal), and over 22% of the float is held short, setting up a potential short squeeze. But price is down today, suggesting the bull momentum might not be enough and yesterday's jump could simply be a dead cat bounce. I have no position but curious how it plays out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.