MicrostockGroup
Agency Based Discussion => iStockPhoto.com => Topic started by: Diana Herrmann on September 19, 2022, 06:53
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On September 15, Getty shares traded higher despite company-specific news to justify the price action. It rose 25.7% to settle at $13.35.
Getty Images stock is a playground for the short-sellers. Temporary shot-squeeze in the stock led to a jump yesterday.
As of yesterday, GETY has 107.9% short interest, mainly because more shares were about to hit the market today.
As of September 12, data showed that 88.1% of the float short and a cost to borrow of 955.6% were among the highest for the week.
The shares jumped on September 7 as Getty renewed its partnership with Amazon.com, Inc (NASDAQ: AMZN), integrated into Amazon's Alexa services and products and its Fire TV software stack.
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Price $8.24
Day's Change -0.25 (-2.94%)
Just making this as a note for the stock value on this date - Sept. 19th 2022
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The entire US stock market is a casino controlled by criminals. Many companies are being shorted to death which gives them immense profits.