Micro-Cap Melt-Up Continues As Redditors Buy Biotech & 'Banned' Stocks

Micro-Cap Melt-Up Continues As Redditors Buy Biotech & ‘Banned’ Stocks

The rotation from most-shorted meme-stocks to micro-caps appears to be continuing this morning with Biotechs surging.

Source: Bloomberg

Here is our recent list of likely candidates for WallStreetBets next targets…

For example, Atossa Therapeutics…

Source: Bloomberg

…and Zomedica

Source: Bloomberg

Some smaller-cap, heavily-shorted stocks are surging… Vislink Tech (which has SI of 17.7% of float)..

Source: Bloomberg

And Senseonics (which has SI of 18.1% of float)…

Source: Bloomberg

And, perhaps even more interesting, stocks from the WallStreetBets ‘banned list’ (that are particularly exposed to pump and dumps) are also surging…

Nemaura Medical…

Source: Bloomberg

and Ring Energy…

Source: Bloomberg

These are all notably low market-cap stocks (in other words, tread very carefully) as the new wave of investors ‘greatly-rotates’ from the most-shorted stocks to the most-illiquid.

Tyler Durden
Mon, 02/08/2021 – 09:20
Source: Zero Hedge News

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