Liquid Media Group (NASDAQ:YVR) Stock Soars 65%: What’s The Buzz?
Liquid Media Group (NASDAQ:YVR) soared 65% as retail investors see it as the next short squeeze stock. Retail investors always look for stocks with low market cap, low volume, and high short interest as their next short squeeze, and Liquid Media Group is offering that.
In addition, the company offers content creators a way of carrying out their goals from ideation through execution. Liquid media seeks to be an all-around place for creators to act in the gaming, entertainment, and media sectors.
The company recently said that it is expanding its business model. Liquid Media Group CEO Ronald Thomson said that the increased content consumption from the pandemic had ushered in a new way of keeping up with demand. As a result, short interest in YVR stock is high, and the high short volume is incentivizing retail investors for a short squeeze. With a market cap of $35.6 million and a low volume of 2 million shares, retail investors are considering it a candidate for a short squeeze. So, in the coming days, YVR is a stock to watch.
Market Reaction:
On Thursday, YVR stock soared 66% at $2.62 with more than 183.72 million shares, compared to its average volume of 5 million shares. The stock had moved within a range of $1.5650 – 2.6800 after opening the trade at $1.62. Over the past 52-week, the stock has been trading within a range of $1.3100 – 7.5000.
