Traders betting on Clear Vitality Fuels (NASDAQ:CLNE) and CLNE inventory are seeing some good momentum in latest days. As we speak’s pop of greater than 6% for CLNE inventory is a continuation of the transfer that has seen shares of Clear Vitality rise roughly 20% over the previous 5 buying and selling days.
As with different high-profile meme shares, the retail investing group is adopting Clear Vitality as a possible brief squeeze play. Certainly, the corporate’s short volume ratio of 24% is excessive. Any inventory with a brief quantity ratio at or above 20% has the potential of being focused as a possible squeeze play. And given the chatter on numerous social media platforms round CLNE inventory, this firm has greater than entered the short-squeeze dialogue of late. Actually, CLNE inventory is the most-mentioned inventory on r/WallStreetBets on the time of writing.
Now, it’s value noting that not all short-squeeze meme inventory performs are transferring in sync proper now. Actually, Clear Vitality has its personal catalyst at the moment that’s helping within the inventory’s rise.
Let’s dive into what’s occurring with Clear Vitality proper now.
CLNE Inventory Shifting on Rebranding Announcement
This firm’s administration staff hopes this rebranding effort will focus traders’ consideration on Clear Vitality’s positioning as a number one supplier of renewable pure gasoline for the transportation trade. The corporate touts its dedication to increasing renewable fuels. Presently, this enlargement is specializing in investments within the dairy and agricultural sectors.
This messaging is meant to indicate a round economic system, the place waste is changed into sustainable gasoline. Clear Vitality’s coals are altruistic. Accordingly, traders look like leaping on this inventory for extra causes than one.
CLNE inventory definitely stays a favourite of meme inventory traders and brief squeeze hopefuls. Nevertheless, there are different causes to personal this inventory at the moment. Certainly, it seems any kind of optimistic information is being considered as a catalyst by traders. That is definitely an fascinating inventory for traders to maintain on their watchlist proper now.
On the date of publication, Chris MacDonald didn’t have (both immediately or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.