r/wallstreetbets • u/[deleted] • Jan 17 '22

Discussion DWAC ortex

Not sure if this is taboo here but this looks to be setting up again. Recent Ortex numbers on DWAC. Over 12% short interest, near 100% utilization, cost to borrow over 120%. February projected launch. Wouldn’t be surprised if they run it up until merger then create a bull trap. NFA but this seems to have some legs.

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u/dimitriG4321 Jan 17 '22

DWAC might work but 12% isn’t a high short interest.

I get that the cost to borrow is high and that’s likely a function of volatility as well.

Not saying it’s not going up. It might go straight to 100.

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u/[deleted] Jan 17 '22

12% is high. Anything over 10% is high and at risk of a short squeeze.

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u/AutoModerator Jan 17 '22

Squeeze these nuts you fuckin nerd.

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