AHPI Stock: Why One Pro Thinks Allied Healthcare Could Squeeze to $10
Allied Healthcare (NASDAQ:AHPI) stock is seeing massive gains on Friday as one expert believes the stock could be heading to the $10 mark.
Source: Pavel Kapysh / Shutterstock.com
Will Meade, a former hedge fund manager turned Twitter (NYSE:TWTR) stock influencer with more than 200,000 followers, is predicting that a short squeeze could push AHPI stock up to $10 per share. Meade has a few reasons for making this claim.
First off, he notes that Allied Healthcare is a company that manufactures oxygen cylinders and respiratory products. That makes it a perfect target for growth alongside other stocks connected to the novel coronavirus pandemic.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In addition to this, Meade points out that the stock has a high short interest. S3 has short interest for AHPI stock sitting at 41.5% while Marketwatch has that number coming in at 53%. This makes it the most shorted COVID stock.
You can check out Will Meade’s Tweet concerning the potential of AHPI stock below.
$AHPI can easily squeeze to $10 almost half the float is short! https://t.co/7ejOWDebxD
— Will Meade (@realwillmeade) July 30, 2021
Retail investors seem to be on board with Meade’s short squeeze idea as AHPI stock is seeing heavy trading today. As of this writing, more than 39 million shares of the stock have changed hands. That’s a massive jump compared to the company’s daily average trading volume of about 5 million shares.
AHPI stock was up 49.6% as of Friday morning and is up 71.2% since the start of the year.
Traders looking for more stock market news are in luck!
InvestorPlace offers the latest stock market coverage with our daily dives into the space. That includes what investors need to know about Amazon (NASDAQ:AMZN), Erytech Pharmaceuticals (NASDAQ:ERYP), as well as the pre-market stock movers for today. You can get up to speed on all of that at the links below!
More Friday Stock Market News
AMZN Stock Price Predictions: What Will Amazon Be Worth in 2025? 2030?
ERYP Stock: The Huge FDA News That Has Little-Known Erytech Skyrocketing
Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed
More From InvestorPlace
The post AHPI Stock: Why One Pro Thinks Allied Healthcare Could Squeeze to $10 appeared first on InvestorPlace.
