RILY: A High-Stakes Short Squeeze?
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B. Riley Financial (RILY) is back in compliance, and while the fundamentals are a mess—tons of debt, a brutal sell-off, and a history of regulatory issues—there’s an angle here that’s hard to ignore: a 54% short float.
If RILY closes in the top 20% of today’s range, I’m taking it long. The setup? A rare case where retail could actually bail this thing out via a squeeze. It’s not often that chasing high short interest pays off, but this might be one of those exceptions.
With earnings coming up on March 3rd, the timing adds an extra layer of volatility. If we get follow-through tomorrow, I think RILY has a chance for $20 in the coming weeks—a move I’ll be playing for.
Again, a strong close in the top 20% of today's intraday range is what I'll be looking for to put on the trade.
Disclaimer: The content shared on this blog is based on my personal opinions and is intended for informational purposes only. It should not be taken as financial advice. Please conduct your own research or consult with a financial professional before making any investment decisions.
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