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Alpha TraderX
BREAKING: $SPCX is up 25% in the last two days despite $100 billion of shares unlocking.
911.5 million shares became eligible to sell yesterday, roughly 1.4 times the entire float.
The stock has gone straight up since.
Investors often short a stock ahead of an unlock to lock in a price, then close those shorts once the shares are free to sell.
34% of the float was shorted going into it.
