Unless otherwise specified, this is given in decimal format.” This does not represent the number of shares listed on the exchange that have been lent, because not all listed shares are available for lending it indicates how much of the supply actually available for lending has been lent. 0% means that no shares have been borrowed or lent at these lending programs 100% means that all shares available to borrow or lend at a lending program have, in fact, been lent. Here’s the definition of utilization: “The ratio between the number of shares on loan across all outstanding loans in the wholesale market and the number of shares available for lending at lending programs. A lot of people don’t even know what this means, let alone how important it is for a squeeze to take place. Link to an explanation of why a company being taken private destroys short sellers: Ĥ) 100% utilization. If the lender wanted to sell to the company, it would have to recall the shares from the short seller, who would have to buy them in the market. When a company goes private, it usually offers to buy all the outstanding shares. Lenders can ask because they want to convert the shares, or vote them, or for any other reason or no reason at all. They must return the shares whenever the lender asks for them. WHAT HAPPENS WHEN A COMPANY GOES PRIVATE: Short sellers borrow shares and sell them. This would DESTROY shorts and immediately trigger a massive squeeze. So clearly, taking the company private is another option he is seriously considering (61% of people voted yes by the way). However, in a tweet on 5/23/22, Joe ran a poll saying “Should I try to take $APRN private?” Link to tweet is below.
In my opinion, he is planning to sell the company, most likely to Walmart. He is a genius and undoubtedly has a plan here. JOE SANBERG ALONE OWNS ALMOST HALF OF THE ENTIRE FLOAT. In other words, he is a brilliant millionaire entrepreneur activist investor who just bought 7M shares of $APRN on 5/2/22, and now owns a total of 19.2M shares, or 43% of the company. Yes, you read that right…BLUE APRON REPORTED NET REVENUE OF $118M IN ONE QUARTER, WHICH IS $18M MORE THAN THEIR $100M MARKET CAP.ģ) Joseph Sanberg / Taking $APRN Private? If you are not familiar with Joseph Sanberg, you can basically think of Joseph Sanberg as the Ryan Cohen of Blue Apron. ESPECIALLY because of the fact that it’s very likely this partnership goes well, in which case, it’s very likely Walmart buys $APRN out.Īt a measly market cap of $100M, Walmart can certainly afford to buy them out, and based on the most recent $APRN earnings report (where they reported $118M in net revenue), buying them out would be a brilliant move on Walmart’s part.
#Aprn jstock target driver#
This is going to be a tremendous driver of revenue for $APRN, but more importantly, the news of a partnership with such a big company scares the living shit out of the shorts that are buried in here. On 6/2/22, Blue Apron announced their partnership with Walmart (link below). This thing has absolutely bottomed out, and I’m not the only one who thinks so (more on that later). PLUS, they just reported $118M in net revenue in Q1, and their entire market cap is $100M, so they are severely undervalued. $APRN IPO’ed in June of 2017 at $150 per share. Cheap shares are absolutely crucial when it comes to getting a squeeze for a very simple reason: retail can afford to buy more shares, and thereby lock up more of the float.
Shares are cheap (only $2.90 per share right now). Here are 4 reasons why this is far and away the best squeeze play on the market….ĭEEP FUCKING VALUE. The short data here is fucking insane, and the story behind the squeeze is even better. In my opinion, $APRN is the next stock to see a massive squeeze. Click my profile to see my posts on $SST $RDBX and $SKYH, all of which ended up squeezing. If you follow me, you know I have a pretty good track record with finding good short squeeze plays.
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