Tag: RDBX Stock

Will Redbox Stock Keep Going Up?

Will Redbox stock keep going up?
Will Redbox stock keep going up?

Redbox stock has been having an incredible rally despite the current market situation.

The stock is up more than 430% on the monthly chart.

Today RDBX finished up 15.68% but saw gains up to 30%.

Retail investors want to know, will Redbox keep going up?

Let’s discuss it.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

Join the newsletter to become part of an activist group fighting for market transparency!

Receive weekly market news to stay up to date.

Redbox Stock outperforms the market

The stock market had one of the worst trading days in history today.

SPY stock was down almost 4% on Monday and the NASDAQ almost 5%.

Seeing the market today seemed unnatural – catastrophic almost.

But Redbox stock outperformed the market.

It closed today’s trading day with 55.3 million in trading volume from its average of 18.9 million.

Redbox has been exploding in the past month due to the massive surge of retail investors jumping in on this new ‘meme stock’.

It earns its ‘meme stock’ title due to Redditors discovering its incredibly high short interest, and short squeeze possibility.

Mainstream media is saying today’s rally was due to Redbox squeezing, but in order for us to track its short squeeze we’ll have to take a close look at the short interest data.

Will Redbox stock squeeze?

will Redbox stock squeeze?
Will Redbox stock squeeze?

Redbox stock currently has a short interest of 225.59%.

This is massive.

But mainstream finance platforms say RDBX stock squeezed today.

We will have to keep an eye out on this short interest percentage to determine whether shorts indeed closed some positions.

You will know shorts began to buy back shares if the short interest drops significantly.

Otherwise, the price movement could have simply been from big buying pressure.

AMC Entertainment stock saw gains up to 3,000% last year when some shorts began to close their positions.

GameStop saw gains upwards to 1,500%.

Redbox stock has only seen some 430% gains so far and has a much higher short interest than what AMC and GameStop had.

Will RDBX stock squeeze?

Just like we saw with AMC and GameStop, heavy buying pressure all at once may trigger short sellers to close, initiating a short squeeze.

How high will Redbox stock go?

Reddit: how high will Redbox stock go?
Reddit: How high will Redbox stock go?

Redbox has a high probability of reaching all-time high share prices.

The stock was hard to knock down despite the stock market heavily getting splattered.

While majority of the stock market was pulled down, Redbox stock finished the day green.

It’s always difficult to determine how high a heavily shorted stock such as Redbox will go.

This is primarily due to how many factors affect its share price.

The incredible thing is that it’s also costing short sellers a lot to short this stock.

RDBX has a cost to borrow of 636.42.

There’s no reason why anyone in the market should be able to short the stock this much.

It’s as if institutions did not learn from shorting both AMC and GameStop.

The short interest data in this stock is so high, there’s no doubt shorts will be getting burned on this one again.

I published an article on RDBX stock almost two weeks ago before it began to rally even higher.

If you’d like me to keep you posted on this ticker symbol, leave me a comment below.

You can follow me on: Twitter | Facebook | LinkedIn 

Frank Nez is on YouTube – Subscribe for more market news and updates
Related: Redbox Short Interest Updated Daily Here

Is RDBX Stock a Short Squeeze Play?

RDBX Short Squeeze
RDBX Short Squeeze

Redbox (RDBX) stock has been gaining a lot of attention on Reddit recently.

The stock’s short interest data has exploded in only a months’ time.

This article is for educational purposes only and is not considered to be financial advice.

I’m going to break down what’s going on with RDBX stock down below.

Let’s get started.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

Join the newsletter to become part of an activist group fighting for market transparency!

Receive weekly market news to stay up to date.

RDBX short interest data

RDBX Short Interest
RDBX Short Interest

Redbox stock is heavily shorted.

Like, very heavily shorted.

RDBX stock jumped from a 30% short interest to its current 162.44% in just a little over a month.

The cost to borrow is at 571.05 and utilization is at 100 meaning every share available is out on loan.

Redbox has a small float of 8.83 million, and with an extremely high SI of 162.44% short sellers are overleveraged.

The short interest data is what allowed retail investors to predict GameStop and AMC would have massive runups.

Last year GameStop saw gains upwards of 1,500% while AMC saw gains over 3,000%.

Is RDBX stock a short squeeze play?

Very much, but it’s going to need momentum to squeeze shorts from their positions.

Will RDBX stock squeeze?

RDBX stock will need heavy buying pressure to squeeze short sellers from their positions.

We saw that heavy buying pressure played a very big role in squeezing some shorts from both AMC and GameStop last year.

Redbox stock already has the overleveraged position perfect for a short squeeze, now the short squeeze play needs momentum from retail.

Enough buying pressure (high volume) would drive RDBX stock’s price up which could cause short sellers to panic and close their short positions.

It’s this same strategy that drove AMC and GameStop to all-time highs last year.

And although AMC and GameStop aren’t done running, RDBX stock has enough short interest to initiate the first wave.

How soon will RDBX stock squeeze?

It’s highly likely RDBX stock will squeeze as more retail investors discover its short interest data.

But investors beware.

Last year SPRT stock had an insane short interest as well but merged with Greenidge eliminating the short interest data and leaving investors holding the bag.

Keep a lookout for Redbox news and updates.

If you would like me to touch more on RDBX stock leave a comment below so I know there’s interest in this stock.

I presented AMC’s short interest data for many months prior to its runup to $72 per share, it’s possible we have something going on here.

How high will Redbox stock go?

how high will redbox stock go

It’s difficult to identify how high a Redbox short squeeze will go.

But like any short squeeze, we can expect the price to shoot up thousands in gains.

AMC saw gains over 3,000% last year and GME stock saw gains up to 1,500%.

Plugging in these percentages with Redbox’s current share price would put RDBX stock anywhere between $95.85 to $191.70 per share.

A RDBX short squeeze could be less or higher, but one thing is certain.

Redbox is a short squeeze play due to how high the short interest data is.

I’m curious to know your thoughts on this.

Are you holding RDBX stock?

Leave a comment below.

You can follow me on: Twitter | Facebook | LinkedIn or Instagram

Related: Redbox Short Interest Data Updated Daily Here

© 2022 Franknez.com

Theme by Anders NorenUp ↑

%d bloggers like this: