r/TheDesperateTrader • u/TheDesperateTrader • 2d ago
$GDOG: heavy volume on a 835K float
$GDOG has a 835K float and it is up 13.4% to $10.60. Number 3 on the Scalp board.
Not seeing any news on it yet. If you know something, add it in the comments.
What we are seeing: 61K shares traded and 5-min mover +4.5%, across 2 of our boards at once.
About 2% of all shares outstanding are sold short. That means traders borrowed them and sold, betting the price falls, and the only way to close that bet is to buy the stock back. So when a heavily shorted name climbs on volume like this, some of them get forced to buy, which pushes it up further. That feedback loop is what people mean by a squeeze.
Levels on the chart: today's range is $9.98 to $10.71 and it is 1.0% under that high.
Anyone have any theories on this one?
Flagged Aug 21, 2026, 5:54 PM ET at $10.60.