Will maxn short squeeze?

Maxeon Solar Technologies (MAXN) is at risk of a short squeeze. Here's why:

1. High Short Interest and Low Share Availability: The short interest in MAXN is currently very high, with over 50% of shares shorted. Additionally, the number of shares available to short is extremely low, with zero shares available and a borrow rate nearing 300%. This creates a situation where short sellers are heavily invested, making it difficult for them to cover their positions without a significant increase in the stock price.
2. Recent Trading Volume and Price Movement: The trading volume in MAXN has been significantly higher than average, with over 900 million shares traded in the last three days. This high volume, combined with the low share availability, could lead to a short squeeze if the stock price were to increase.
3. Market Sentiment and Legal Challenges: The company has faced a class action lawsuit, which has negatively impacted the stock price. However, the company is disputing the lawsuit, which could lead to a reversal in sentiment. Additionally, the daily RSI for MAXN is very low at 25, indicating that the stock may be due for a bounce.
4. Potential for a Short Squeeze: The combination of high short interest, low share availability, and recent price drops creates an environment where a short squeeze could occur. This is similar to the situation with $FFIE, another heavily shorted stock that saw a significant price increase due to a short squeeze. If MAXN can maintain high trading volume and overcome its legal challenges, a short squeeze becomes more likely.

In conclusion, the current conditions suggest that MAXN is at risk of a short squeeze. However, it is important to note that short squeezes are rare events and there is no guarantee that one will occur. Investors should monitor the situation closely for any signs of a potential squeeze.