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Snap Inc. (NYSE:SNAP)’s recent rally has burned short sellers

Snap Inc. (NYSE:SNAP)’s recent rally has burned short sellers, who have been rushing to cover their bearish positions as shares of the social-media company climbed. A Snap short squeeze began in February, said S3 Partners analyst Ihor Dusaniwsky, and the number of Snap shares shorted has fallen by more than 50% since then, to 75.1 million. Short interest currently stands at 8% of Snap’s float.

Snap Inc. (NYSE:SNAP), a Technology sector firm, traded 11.74 Million shares in last trading session with closing price of $14.58 per share. Company gross margin stands at 36.60% whereas its return on investment (ROI) is -55.00%. Stock value has moved between $4.83 – 15.03 in last one year. Analyst’s mean target price for Snap Inc. (NYSE:SNAP) is $11.56 while analysts mean recommendation is 3.00. SNAP EPS growth this year is 67.30%. 

On last trading day, Communications Systems, Inc. (NASDAQ:JCS) shares closed at $3.02 per share. JCS market capitalization is 27.97 with beta of 0.94. Analyst’s mean target price for Communications Systems, Inc. (NASDAQ:JCS) is $5.00. Its weekly performance is -0.19% while year to date (YTD) performance is 48.98%. 

In last session Orange SA (ADR) (NYSE:ORAN) traded 291228 shares and was closed at $15.73. Analyst’s mean target price for ORAN is $20.66. Company is -10.32% away from its 52 week high and is moving 6.00% ahead of its 52 week low. ORAN Gross Margin is 55.10%. Orange SA (ADR) (NYSE:ORAN) quarterly performance is -2.18% while its price to sale ratio is 0.90. 

Rite Aid Corporation (NYSE:RAD), a Services sector firm, traded 16.21 Million shares on last trading day with closing price of $8.57 per share. Company gross margin stands at 21.60% whereas its return on investment (ROI) is -10.20%. Stock value has moved between $6.12 – 40.81 in last one year. Analyst’s mean target price for Rite Aid Corporation (NYSE:RAD) is $9.00 while analysts mean recommendation is 3.70. 

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