Insignia Systems eyes its best month since 1991, short interest jumps
29/12/2021 13:46
** Insignia Systems ISIG.O up 256.5% this month as of last
close, tracking its best month since its debut in 1991
** Shares climbed ~65% on Tuesday and are up 1% at $19.2 in
premarket trading on Wednesday
** ISIG is #1 on Fintel's leaderboard used to track
companies that have the highest likelihood of experiencing a
short squeeze
** Roughly 590,000 shares shorted and short interest in ISIG
is 63.61% of free float, per analytics firm S3 Partners
** "This is a stock with a small market cap, small float and
tiny amount of borrows available – there will be virtually no
new short selling in this stock due to lack to stock loan
supply" - Ihor Dusaniwsky, managing director of Predictive
Analytics at S3
** Stock is #5 most watched on investor-focused social media
Stocktwits.com, with message vols up ~412%
** ISIG was also the #4 most traded stock on Tuesday by
retail customers, according to Fidelity Research
** Insignia has 1.77 mln shares outstanding, a free float of
1.06 mln and a market cap of $33.63 mln - Refinitiv data
(Reporting by Bansari Mayur Kamdar in Bengaluru)
((BansariMayur.Kamdar@thomsonreuters.com;))