24/7 Market News – The Nooner by 24/7 Market News for June 23, 2022

(24/7 MARKET NEWS) After crossing our scans in this morning’s premarket, Blue Hat Interactive (NASDAQ:BHAT) are shares stealing the spotlight. They’re at $2.72, up $1.968 (+261.70%), on over 105 million shares. Classic short squeeze in play, so look for bear raids.

Rain Therapeutics (NASDAQ:RAIN) continues to storm its way higher, trading at $4.0038, up $1.4138 (+54.59%), but on increasing volume that’s about to pass 2 million shares. The late-stage biotechnology company is developing precision oncology therapeutics.

Two heavily shorted stocks in the automotive space are looking like they could see another wave higher this afternoon or in an upcoming session.

Shift Technologies Inc. (NASDAQ:SFT) is the biggest percentage gainer of the group. The end-to-end used car industry e-commerce platform is at $1.04, up $0.33 (+46.58%), on nearly 46 million shares. After making a nice move higher, right out of the gate, it’s been holding these gains and consolidating, so, unless the overall market breaks down, look for another potential move higher this afternoon or in an upcoming session.

Vroom Inc. (NASDAQ:VRM) is has been gaining throughout today’s session, at $1.60, which is off of today’s $1.80 high, but still a 42 cent gain (+35.59%) on increasing volume of over 66 million shares. The buying and selling used vehicles e-commerce platform’s float shorted is 28.74% and looking like it’s very much in play.

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