A short squeeze is triggered when a shorted stock is rising in value. This rise in value may be caused by positive financial news or buyers purchasing shares with the knowledge that short sellers must cover their positions. If short sellers don't close out their positions before the stock price rises too high, they could incur financial losses or even have their positions closed out entirely for a complete loss.
Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.