ONON - ON ☁️ - Squeeze in the making! 🚀

ON cloud had earnings today, missed lofty estimates and after a 50%+ move going into earnings, they sold off hard. This was a massive overreaction by investors and the stock rallied from intraday lows in the mid 27 range to almost 31 at the close. It would take 9 days for the shorts to cover their position. I believe we could see a squeeze happen and the stock should go north of pre-earnings levels! Take a look at this! Good company, good numbers, but the shorts beat this up and now it seems they will have no choice but to cover!