BRCC today
BRCC seems to be recovering really well. I was trading this 3 years ago and I made a decent chunk from $3 to 4.25. Then it fell off for a long time. Bad marketing and other factors caused it to collapse. 3 weeks ago I went ahead and got in for $500 dollars at 1.30. It’s had a steep incline that has pushed it into an uptrend that seems to be holding. It’s out of delisting range for now, and recovered naturally without having to split or dilute. Their earnings report was much better and they seem to have a lot of faith that they can successfully turn back around. Coffee is a good business, and it’s kind of recession proof. I see this getting back up into the 3 to 4 dollar range. At 1.50 today. Still a good chance for a 50 to 100 percent run
Also, not a ton of short interest, but 8 percent on a stock like this is a lot. Shorts have 23 days to close a current volume. That can cause a lot of pressure. Probably won’t be a hard squeeze, but just a gradual rise in price until they are out. And they are actively leaving.