LABT short squeeze setup with presentation catalyst
Author argues LABT has a 1M float that has bottomed and is set up for a short squeeze, with zero shares available to borrow on IBKR, 700% cost to borrow, and 10% short interest. The stock was around $7+ a few weeks ago and the author believes it could surge toward $3+ as shorts cover and news brings volume. The stated catalyst is a presentation next week. Main risk is that the squeeze thesis depends on short covering materializing.