BBIG (Vinco Ventures Inc) has short Squeeze potential and here is why.
Short Interest Data
| Short Interest Ratio | 0.83 Days to Cover |
| Short Interest % Float | 27.26% – source: NASDAQ (short interest), Capital IQ (float) |
| Dark Pool Short Volume | 6,056,232 shares – source: FINRA |
| Dark Pool Short Volume Ratio | 45.22% – source: FINRA |
With the high short interest BBIG makes for a potential big squeeze. Friday after the drop at open BBIG was able to rebound and regain a 2.92 close with a Bullish green candle. BBIG has support at 2.33, 2.48 and 2.70 while having resistance at 3.07, 3.22, and 3.44. BBIG closing at 2.92 has a lot of room to move if it can break through the 3.07 area. After 3.44 like we have seen in the past BBIG can really heat up and possibly see a 5.00 plus dollar move. If we look at the close Friday it appears that BBIG has created a higher low and if the support holds (2.70( then this stock can have some power to become very bullish.
Daily Chart
| Volume Indicators | |
|---|---|
| 20 Day Avg Vol | 65,071,930 |
| Today / 20 Day Avg Vol | BELOW |
| 150 Day Avg Vol | 40,404,770 |
| Today / 150 Day Avg Vol | BELOW |
| Abnormal Volume | NO |
| William Volume Accumulation |  bullish |
| Volume Price Trend | bullish |
| Momentum Indicators | |
|---|---|
| 10 Day Trend |  bearish |
| 40 Day Trend | bullish |
| 100 Day Trend | bearish |
| Stochastics |  neutral |
| RSI | bearish |
| MACD | |
BBIG’s daily chart showed a lot of strength from the drop at open. Over a million shares were bought near the close as well. If volume continues here they can push the stock more higher by forcing the shorts to cover. BBIG is very volatile so, be prepared for wild swings. BBIG has short squeeze potential.
Disclaimer: We are not financial advisors nor should this post be taken as financial advice. This post and all posts herein are opinions and should be treated as such. We do not own any stock however we may take a position at any time.