SmileDirectClub shares are trading higher. Strength may be due to high short interest.
Portfolio Pulse from Benzinga Newsdesk
Shares of SmileDirectClub (SDC) are trading higher, potentially due to high short interest.
July 31, 2023 | 6:50 pm
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SmileDirectClub's stock is trading higher, which could be due to high short interest.
High short interest can lead to a short squeeze, where short sellers are forced to buy back the stock to cover their positions, driving the price up. This could be what's happening with SmileDirectClub.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100