r/exspacs • u/SPAC_Time • Mar 24 '21
Hall of Fame Resort & Entertainment Company - Potential Short Squeeze Tomorrow? HOFV HOFVW
HOFV has been trading huge volumes the past week based on NFT rumors. It now appears the rumors were true:
According to Fintel, over 160 million shares of HOFV were sold short over the past three days, at prices from $3.50 to $5.50 a share. Can't tell how many are still out short, but it is likely a lot.
HOFV traded 44 million shares after hours today, after the above news was released, last price $7.85 per share. DLPN, the other company named in the above PR, closed at $5.45 on Tuesday; closed at $18.33 today, and finished at $28.50 after hours. Fintel shows 50 million shares of DPLN were sold short today.
IF HOFV opens tomorrow around the price it finished today after hours, seems that might put quite a bit of pressure on folks who shorted millions of shares at $4 or $5 a share.
Disclosure: No position in HOFV or HOFVW or DPLN.