To The Moon

$CURRENC Group Inc(CURR)$ just dropped some major news: the company announced via press release that it’s engaging ShareIntel to investigate potential illegal naked short selling of its stock. In plain English, Currenc believes that naked short sellers (folks shorting shares that may not even exist) have been hammering its share price, and they’ve hired Shareholder Intelligence Services (ShareIntel) to sniff out any shady trading. This is a bold move we’ve seen a few under-the-radar companies make recently, and it signals that management is serious about protecting shareholder value. In fact, Currenc’s founder openly stated they “may have been the target of naked short selling” and are taking action to “ensure transparent trading practices and maintain the integrity of [their] share price”. That’s huge – it’s not often you see a company outright saying its stock is being illegally shorted and vowing to fight it.

Why does this matter for us penny stock hunters? Short squeeze potential. CURR is currently sitting around the #200 spot on Fintel’s short squeeze leaderboard (see Fintel’s short-squeeze screener at fintel.io/shortsqueeze). That ranking suggests a relatively high short interest and squeeze score. Let’s look at some numbers: the latest data shows about 2.1 million shares short, ~6.7% of the float. What’s more eye-opening is that over half of recent trading volume has been short sales (51% off-exchange short volume), indicating a lot of short activity, possibly in dark pools. Days-to-cover is low (~1 day), but the cost to borrow shares is sky-high (around 70–75% annual fee!), meaning shorts are paying a hefty interest to stay in their positions. Such a high borrow rate often hints that shares are in short supply – fuel for a squeeze, since shorts might get squeezed out if the price starts rising (it’s expensive for them to hold onto shorts). With these metrics, CURR has some ingredients for a squeeze: moderate short interest, tight float, and pricey short borrow fees.

On top of that, Currenc Group looks fundamentally interesting for a beaten-down stock. They’re a fintech player using AI to transform financial services (they’ve even launched a $100M AI-focused fund with a partner this year). Yet the stock has been trading at penny-stock levels – recently under $1/share, which even triggered a Nasdaq compliance warning about the low price. Many of us know undervalued small caps can get artificially pushed down by manipulative short selling, and Currenc’s move to hire ShareIntel suggests they suspect exactly that. If ShareIntel’s investigation finds evidence of naked shorting or other market manipulation, it could lead to corrective actions (regulatory complaints, legal action, etc.) and potentially scare off some short sellers. Even before any official findings, just the news of this investigation might draw in squeeze-minded investors. We’ve seen similar scenarios where a company fighting back against shorts becomes a catalyst for a speculative run-up.

Bottom line: CURR is a tiny Nasdaq-traded stock that appears undervalued and heavily shorted, and now the company itself is taking action to clamp down on possible illegal shorts. This aligns perfectly with what penny stock and microcap traders look for – a stock with a real catalyst for a short squeeze plus underlying business developments (AI fintech growth story) to justify a higher valuation. It’s still speculative (no guarantees the squeeze will happen or that the investigation will definitively expose wrongdoing), so do your DD. But the risk-reward setup here is compelling: legitimate news of an anti-short selling initiative, confirmed short pressure on the stock, and the potential for a squeeze if things swing in our favor. I’m watching CURR closely from here. If those naked shorts get caught or start scrambling to cover, we could see a sharp move up. 🚀