"Interesting: short sellers of Varta AG, German battery manufacturer who was in the past heavily shorted, reduced their positions strongly. For example Melvin Capital reduced its position by 15%, Maplelane Capital reduced its position by around 16%. These are relative values. Current shorted stock is ca. 8% shares outstanding. Varta shares rose ca. 25% in the past 5 trading days.
This means that shorts fear similar situations as is the case with Gamestop for their other positions. Keep that in mind when hunting for other short squeezes. The shorts are cautious now." |