5 Reasons This Short-Squeeze Candidate Could Actually Pan Out in the Long Run
Advertising technology company PubMatic (NASDAQ: PUBM) has been on a volatile ride since it went public last December. The initial public offering was priced at $20 per share, which some apparently thought was too expensive. In short order, PubMatic stock was one of the most heavily shorted on the market -- people were betting it would go down.
However, around that time, another group of investors were banding together to force short squeezes among the market's most heavily shorted stocks, PubMatic included. As a result, its stock price skyrocketed over $75 per share toward the end of February. It's back down to around $40 per share as of this writing, so it's been a wild ride for sure.
Here are five reasons this stock is far more than just a short-term short-squeeze trade.
Source Fool.com
