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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
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Celsius Holdings Inc. (CELH)
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Nextracker Inc. (NXT)
Q: On Mar. 14 in the Q & A, Mike was concerned about a short squeeze on CELH and provided the reasons why. 5i said yes there could be one and I get the impression from reading the answer that a short squeeze would cause a fair sized drop in CELH.
Jason Donville was answering a question on HPS.A and he said it had quite a run and he likes it, but he is going with NXT because it might have a longer runway at this time.
Thank you
Jason Donville was answering a question on HPS.A and he said it had quite a run and he likes it, but he is going with NXT because it might have a longer runway at this time.
Thank you
5i Research Answer:
A short squeeze is more likely to cause a spike in share prices, as shorts either get sick of losing money, or are forced to buy in as stock becomes harder to borrow. We like both NXT and HPS.A. HPS.A is significantly cheaper on valuation.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CELH, NXT.