Thoughts on $ME via /r/wallstreetbets #stocks #wallstreetbets #investing

Thoughts on $ME

Hello degenerates. Long time lurker here. I don’t have tons invested but I’m down about 60% YTD so you’ve all rubbed off on me well.

Speaking of which, I like $ME stock. I think it might have long potential. This means almost nothing because I don’t know what I’m talking about and I’m definitely in no position to offer financial advice.

However, I’ve noticed as I’ve been averaging down these past few months that the short interest is somewhat high ~10% and DTC hovering between 4 and 5.

I can’t tell if I’m potentially sitting in a nice position or just grasping at crayons because I’m still bag holding that other ticker that looks like $ME.

I’m in this because I like the stock and hoping for future growth. But, just curious what anyone with a couple wrinkles in their brain thinks about the shorting going on? Is this out of the ordinary or status quo for such stocks? Also open to hearing thoughts on fundamentals in general. It’d be nice to hear other peoples’ thoughts on it than my own.

Submitted January 26, 2022 at 07:03PM by _OhLookAName
via reddit