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This Stock's 150% Short Squeeze Has More Juice Yet

TheMotleyFool

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This Stock's 150% Short Squeeze Has More Juice Yet: https://g.foolcdn.com/editorial/images/734999/surprised-shocked-open-mouth-looking-at-phone-3.jpg

Funny things can happen when the market gets too worked up about something, and the emotional pendulum swings too far in one direction. Investors saw this work against them when a euphoric market in 2021 turned into a fearful bear market in 2022: Some stocks fell as much as 95%.

Artificial intelligence lending company Upstart Holdings (NASDAQ: UPST) was arguably the poster child for this shift. The stock soared as high as $390 before crashing as low as $12, a remarkable swing in price and sentiment.

The stock is now up 150% since May. Why? The pendulum swung too far again, and heavy short-selling created a short squeeze. Can this continue, or is the momentum about to fizzle out?

Source Fool.com

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