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If a stock says %of float shorted18%

Posted on 6/22/24 at 4:16 pm
Posted by LChama
Member since May 2020
2748 posts
Posted on 6/22/24 at 4:16 pm
Is that a red flag
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47389 posts
Posted on 6/22/24 at 4:56 pm to
Not enough information given to make any statement
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
75833 posts
Posted on 6/22/24 at 5:58 pm to
I don't pay attention to the short float.

I look at the P/E ratio and the debt to asset ratio.
Posted by LoneStar23
USA
Member since Aug 2019
5710 posts
Posted on 6/22/24 at 6:19 pm to
Sofi?
Posted by LChama
Member since May 2020
2748 posts
Posted on 6/22/24 at 7:06 pm to
quote:

Not enough information given to make any statement


Ok.thanks.. . just didnt know if on it’s own that would be enough to stay away. Its a pharm company that just had a major approval a few months back. It looks to me that there is tremendous upside. But then i saw the short percentage.
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