Lemonade Is Ripe for Short Squeezing
It's been a tough year for Lemonade (NYSE: LMND) investors. Share prices of the strangely named insurance technology company are down more than 60% from their January peak and are still within reach of October's multi-month lows. Every rebound attempt during that timeframe has failed. It's all been very discouraging.
Shareholders can take at least some solace in sticking with the trade this far, though, because Lemonade is primed to be catapulted higher by a short squeeze.
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Source Fool.com
