Denver, Colo. -- (www.247marketnews.com)0- Siyata Mobile (NASDAQ: SYTA) is witnessing a surge in trading volume as we approach today's Annual General Meeting, scheduled for 1 P.M. Eastern Time.
Siyata Mobile has held a spot on the short threshold list for more than a week and appears primed for a squeeze and breakout. This increased trading activity is a signal to keep SYTA on your radar as we head into the weekend.
The stock seemed to break through trading resistance after hours, with more than half of the float traded during Wednesday's session. This compelled the shorts to trade and start covering, generating momentum in the stock. As the company continues to hit milestones and announce upcoming catalysts, all eyes will be on this stock's potential to enhance long-term shareholder value.
Our report, "The Bull Case for NASDAQ: SYTA," provides deeper insight: https://www.247marketnews.com/syta-siyata/
Siyata Mobile will also host its financial results conference call at 9 a.m. ET on Tuesday, August 15th, 2023, to discuss its Q2 2023 financial results.
Conference Call Details:
Date: Tuesday, August 15, 2023
Time: 9 a.m. Eastern Time/6 a.m. Pacific Time
North America dial-in number: +1 (888) 506-0062
International toll-free dial-in number: +1 (973) 528-0011
Access Code: 642415
To access the replay until August 29, 2023, dial +1 (877) 481-4010 or +1 (919) 882-2331 and enter Passcode 48862 when prompted.
You can also join the call online at: https://www.webcaster4.com/Webcast/Page/2988/48862.
Market squeezes continue to wreak havoc on short sellers
June marked another significant loss for short sellers in this trader's market, with Insider reporting a staggering $122.1 billion in mark-to-market losses in the first six months of 2023. As we transition into fall and winter, new highs for the S&P and broader markets are anticipated, and we expect the bears to continue losing.
The most remarkable gains tend to be in stocks priced under $20, dwarfing broader market performances. One recent example is Tupperware Brands (NYSE: TUP), a potential bankruptcy play. Short sellers, who were short more than 20% of the float, caused TUP's shares to rocket from $0.61 to a high of $5.38 per share. This massive leap of over 300% occurred over just five days.
In addition to Tupperware Brands, Yellow Corporation (NYSE: YELL) filed for bankruptcy protection and shut down, causing shares to skyrocket from $0.57 to around $4.00 after short interest in the stock exceeded 18%. This market activity enabled a proposed rescue deal from Apollo Capital.
Market squeezes are happening across the board with over 80 companies on the Nasdaq and NYSE implementing a reverse split since the beginning of June 2023. Every market and sector, including AI leaders like Guardforce A.I Co. (GFAI), have seen this trend. GFAI squeezed from $4.00 to over $9.00, allowing the company to raise much-needed funds to further operations.
Artificial Intelligence, a new market likened to the birth of the internet, is witnessing a slew of these special situations. As always, trade carefully and stay updated with the news on any company mentioned in this press release.
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The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable.
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SIYATA MOBILE INC. 
