MMAT Stock Surges as Lawyers Back Up Naked Shorting Allegations

As for MMAT stock, the underlying company stated in a press release that in late June 2023, management "outlined its preliminary analysis of potential naked short selling, and retained well-known analytics firm, Shareholder Intelligence Services, LLC, to review trading patterns of the Company's common stock." Short squeezes risk sparking a positive feedback loop because in order for bearish traders to exit their positions, they must buy to close. Whoever exits quickly in an upsurge suffers the least amount ...