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


$ULCC Squeeze?

Frontier just got outbid by jetblue for $save (it's seems)

https://www-nytimes-com.cdn.ampproject.org/v/s/www.nytimes.com/2022/04/05/business/jetblue-spirit-frontier.amp.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16492107116274&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.nytimes.com%2F2022%2F04%2F05%2Fbusiness%2Fjetblue-spirit-frontier.html

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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