World news – CA – SPI Energy on crazy ride to $46 from $1 after launching EV business (NASDAQ:SPI)

0
14

SPI Energy (SPI, +1,970%) is going from fairly anonymous dollar stock to the focus of much of Wall Street as it rockets higher, currently in the lower $20s.

Shares shot up to nearly $47 before falling back somewhat, but are still in the stratosphere for company that received a Nasdaq deficiency letter in May.

The stock has been under $2 for almost all of the year, struggling to stay above $1 from March to July.

For those thinking short squeeze, it’s unlikely. Just 0.17% of its float is held short, according to ShortSqueeze.com.

The move is reminiscent of the height of the crypto craze, when Long Island Iced Tea Corp. surged nearly 300% after changing its name to Long Blockchain.



SOURCE: https://www.w24news.com/news/world-news-ca-spi-energy-on-crazy-ride-to-46-from-1-after-launching-ev-business-nasdaqspi/?remotepost=320755

QU’EN PENSEZ-VOUS?

Donnez votre point de vue et aboonez-vous!

[gs-fb-comments]

[comment-form]

Votre point de vue compte, donnez votre avis

[maxbutton id= »1″]