Huge Short Squeeze about to Begin. and we can help
Dont Hypothecate your long shares so Brokers cant lend it out to shorts. And if you move your existing shres to all cash account from Margin, it can cause Brokers to recall the shorted shares. with 35% of the float still short, it can push EBIX above $22 by earnings and then Gap up after earnings March 7th.
That was from 1/31 numbers. The thing to look at is that over 3 million shrs were short in September when the Bloomberg article came out. Those shorts are covering now and expect it to continue for atleast a few more weeks. Low volume stocks go crazy when shorts rush to the exits. I wouldnt sell anything below $24. Goodluck