Quote:
Originally Posted by manwiches
Anybody want some entertainment, pull the ticker DGAZF today.
Delisted and put on OTC. Short squeezed all day. Shorts lost their house today, to the tune of 24k per share.
Longs at $400 won the lottery.
I had no position, but it was utter bananas.
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I've had big jumps after delistings before (and other corporate actions like splits/reverse splits). I think some brokerages won't lend otc (or dark) stocks and pull borrow, which causes a short squeeze.