Why Danimer Scientific Gained 13% in June
Shares of Danimer Scientific (NYSE: DNMR) were climbing 13% last month, according to data provided by S&P Global Market Intelligence, on what appeared to be a short squeeze. The maker of bioplastics jumped early in the month, surging on the same day shares of AMC Entertainment Holdings skyrocketed. The company was also attacked by a short-seller at the end of May, which helped it attract attention from the Reddit crowd, which focuses on stocks with the potential for short squeezes.
As you can see from the chart below, the stock soared in the first week of June before cooling off later in the month.
Source Fool.com
