Will MySquar Ltd Short Squeeze Soon?

 Will MySquar Ltd Short Squeeze Soon?

The stock of MySquar Ltd (LON:MYSQ) hit a new 52-week low and has GBX 3.36 target or 4.00% below today’s GBX 3.50 share price. The 5 months bearish chart indicates high risk for the GBX 7.84 million company. The 1-year low was reported on Nov, 23 by Barchart.com. If the GBX 3.36 price target is reached, the company will be worth GBX 313,600 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 7.69% or GBX 0.25 on November 23, hitting GBX 3.5. About 2.18M shares traded hands or 19.78% up from the average. MySquar Ltd (LON:MYSQ) has declined 58.73% since April 22, 2016 and is downtrending. It has underperformed by 64.06% the S&P500.

MySquar Ltd is a mobile services company, which offers consumer technology solutions. The company has a market cap of 7.84 million GBP. The Firm offers MyCHAT, which is a mobile messaging application. It currently has negative earnings. The Company’s MyCHAT application allows users to interact with each other and find friends over the Internet using their mobile.

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