$ULCC Squeeze? via /r/wallstreetbets #stocks #wallstreetbets #investing

$ULCC Squeeze?

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
via reddit https://ift.tt/mfbuN73

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