$CURRENC Group Inc(CURR)$ (Cur-To The Moon - Tiger Brokers Online Investing Community - To The Moon

2
Comment
Favorite

jacktrade815
07-31

$CURRENC Group Inc(CURR)$ (Currenc Group, NASDAQ: CURR) might be one to watch. The company just announced it’s hired ShareIntel to investigate what they believe could be illegal naked short selling in their stock. According to their press release, they’ve seen some suspicious trading patterns and are bringing in outside help to track it down. They’ve even said they’ll take legal or regulatory action if necessary.
Normally this stuff is just noise, but here’s what caught my attention:
Fintel has them ranked #200 on the short squeeze leaderboard
~6.7% of the float is shorted
Borrow fee is sitting around 70–75% (crazy expensive for shorts)
51% of volume is short/off-exchange, which feels heavy
They’re a small AI/fintech company trading under $1, so they’ve already had Nasdaq send them a warning for the low share price. But now they’re clearly pushing back. It’s not every day a company goes on offense like this, especially one this small.
If nothing else, this kind of move can stir up a bit of FOMO if traders catch wind of it. The float isn’t huge, the borrow fee is high, and if any shorts start covering, it could move quickly. Not saying this is a guaranteed squeeze or anything, but I’m keeping it on the radar in case sentiment shifts.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

2

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":462690480013344,"tweetId":"462690480013344","gmtCreate":1753967402795,"gmtModify":1753969367235,"author":{"id":4204954695841962,"idStr":"4204954695841962","authorId":4204954695841962,"authorIdStr":"4204954695841962","name":"jacktrade815","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><a href=\"https://ttm.financial/S/CURR\">$CURRENC Group Inc(CURR)$</a> (Currenc Group, NASDAQ: CURR) might be one to watch. The company just announced it’s hired ShareIntel to investigate what they believe could be illegal naked short selling in their stock. According to their press release, they’ve seen some suspicious trading patterns and are bringing in outside help to track it down. They’ve even said they’ll take legal or regulatory action if necessary.\n<br>\nNormally this stuff is just noise, but here’s what caught my attention:\n<br>\nFintel has them ranked #200 on the short squeeze leaderboard \n<br>\n~6.7% of the float is shorted \n<br>\nBorrow fee is sitting around 70–75% (crazy expensive for shorts) \n<br>\n51% of volume is short/off-exchange, which feels heavy \n<br>\nThey’re a small AI/fintech company trading under $1, so they’ve already had Nasdaq send them a warning for the low share price. But now they’re clearly pushing back. It’s not every day a company goes on offense like this, especially one this small.\n<br>\nIf nothing else, this kind of move can stir up a bit of FOMO if traders catch wind of it. The float isn’t huge, the borrow fee is high, and if any shorts start covering, it could move quickly. Not saying this is a guaranteed squeeze or anything, but I’m keeping it on the radar in case sentiment shifts.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/CURR\">$CURRENC Group Inc(CURR)$</a> (Currenc Group, NASDAQ: CURR) might be one to watch. The company just announced it’s hired ShareIntel to investigate what they believe could be illegal naked short selling in their stock. According to their press release, they’ve seen some suspicious trading patterns and are bringing in outside help to track it down. They’ve even said they’ll take legal or regulatory action if necessary.\n<br>\nNormally this stuff is just noise, but here’s what caught my attention:\n<br>\nFintel has them ranked #200 on the short squeeze leaderboard \n<br>\n~6.7% of the float is shorted \n<br>\nBorrow fee is sitting around 70–75% (crazy expensive for shorts) \n<br>\n51% of volume is short/off-exchange, which feels heavy \n<br>\nThey’re a small AI/fintech company trading under $1, so they’ve already had Nasdaq send them a warning for the low share price. But now they’re clearly pushing back. It’s not every day a company goes on offense like this, especially one this small.\n<br>\nIf nothing else, this kind of move can stir up a bit of FOMO if traders catch wind of it. The float isn’t huge, the borrow fee is high, and if any shorts start covering, it could move quickly. Not saying this is a guaranteed squeeze or anything, but I’m keeping it on the radar in case sentiment shifts.</body></html>","text":"$CURRENC Group Inc(CURR)$ (Currenc Group, NASDAQ: CURR) might be one to watch. The company just announced it’s hired ShareIntel to investigate what they believe could be illegal naked short selling in their stock. According to their press release, they’ve seen some suspicious trading patterns and are bringing in outside help to track it down. They’ve even said they’ll take legal or regulatory action if necessary. Normally this stuff is just noise, but here’s what caught my attention: Fintel has them ranked #200 on the short squeeze leaderboard ~6.7% of the float is shorted Borrow fee is sitting around 70–75% (crazy expensive for shorts) 51% of volume is short/off-exchange, which feels heavy They’re a small AI/fintech company trading under $1, so they’ve already had Nasdaq send them a warning for the low share price. But now they’re clearly pushing back. It’s not every day a company goes on offense like this, especially one this small. If nothing else, this kind of move can stir up a bit of FOMO if traders catch wind of it. The float isn’t huge, the borrow fee is high, and if any shorts start covering, it could move quickly. Not saying this is a guaranteed squeeze or anything, but I’m keeping it on the radar in case sentiment shifts.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/462690480013344","repostId":0,"isVote":1,"tweetType":1,"viewCount":117,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CURR"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1040,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}