Does Rumble look like a short squeeze opportunity?

**Rumble does not exhibit characteristics of a short squeeze opportunity at this time.** Here's why: 1. **High Short Interest but Low Short Interest Ratio**: The short interest in Rumble is high, with 12.1 million shares sold short. However, the short interest ratio, which is the number of shares sold short divided by the average trading volume, is 5.0. A ratio below 1 indicates strong positive sentiment and a lack of short sellers, while a ratio above 10 suggests strong pessimism. Rumble's ratio is closer to the lower end, which does not typically indicate a short squeeze. |Ticker|Name|Interest Expenses on Short-term Debt|Date|code|market_code| |---|---|---|---|---|---| |RUM.O|Rumble||2022 Q2|RUM|185| |RUM.O|Rumble||2022 Q3|RUM|185| |RUM.O|Rumble|0|2022 Q4|RUM|185| |RUM.O|Rumble||2023 Q1|RUM|185| |RUM.O|Rumble||2023 Q2|RUM|185| |RUM.O|Rumble||2023 Q3|RUM|185| |RUM.O|Rumble|0|2023 Q4|RUM|185| |RUM.O|Rumble||2024 Q1|RUM|185| 2. **Recent Insider Sales**: Director Robert Arsov has sold a significant number of shares, totaling 120,000 shares over a series of transactions. Insider sales can sometimes be a bearish signal, as insiders may have information that is not yet public. 3. **Stock Performance and Market Sentiment**: The stock has experienced a decrease in short interest in the recent past, which could be indicative of a less bearish sentiment. Additionally, the company has sent a letter to the London Stock Exchange Group regarding its potential exclusion from the Russell 3000 Index, which could be a source of uncertainty. This situation may not create a strong incentive for short sellers to cover their positions. 4. **Lack of Positive Earnings**: There is a mention of Rumble's last quarter earnings being trash, which could contribute to the high short interest and negative sentiment. In conclusion, while Rumble has a relatively high short interest, the short interest ratio and recent insider sales suggest a lack of immediate catalysts that would lead to a short squeeze. The company's challenges, such as the potential Russell 3000 exclusion and poor earnings, may continue to keep the stock under pressure, making it less attractive to short sellers.