Frontier just got outbid by jetblue for $save (it's seems)
Since Feb when frontier announced it was targeting spirit airline it's short interest jumped for 9% to 25% and is up to 33% today. After this new we saw a higher then average volume to end the day at 8m compared to 1.86.
The company was in a range of 13-15$ before the news of diluation brought it down and that seems to be fair value of frontier without the diluation.
Potential to make a climb back to those 13-15 levels and beyond as shorts feel heat?
Transparency I grabbed a small position at 11.34 just for the swing to 13$ but digging a little deeper there maybe more?
Submitted April 06, 2022 at 04:09AM by tim_yt
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