Technical Trading Analysis: Siyata Mobile (NASDAQ: SYTA) 27 May 2025

May 27, 2025

DENVER, Colo., May 27, 2025 (247marketnews.com)- Siyata Mobile Inc. (NASDAQ:SYTA) experienced a significant price surge, moving from under $1 to over $9 in recent trading sessions. This dramatic increase is attributed to the announcement of a $160 million merger with Core Gaming, an AI-driven mobile gaming company with approximately 40 million monthly active users and an expected $80 million in revenue for 2024.

Friday’s Closing Price: $5.40
Intraday Range: $5.25 – $7.25
Volume: 12,195,123 shares
Market Cap: $27.525 million
FINRA Short Volume for week of May 19-23, 2025: 81,872,279 shares (Fintel.io)
Borrow Fee Rate: 737.31% as of May 26, 2025 (Fintel.io)

Short Interest Dynamics:

  • FINRA Short Volume for week of May 19-23, 2025: 81,872,279 shares (Fintel.io)
  • Borrow Fee Rate: The borrow fee rate has been exceptionally high, reaching 737.31% as of May 26, 2025, suggesting a scarcity of shares available for short selling. (Fintel.io)

These factors collectively suggest a potential for a short squeeze, where short sellers may be forced to buy back shares to cover their positions, driving the stock price even higher.

Technical Indicators:

  • Moving Averages: The stock is trading above its 50-day and 20-day moving averages, which are trending higher, indicating a bullish trend. However, it’s trading below the 200-day moving average. Stocks tend to move best when the 20-day is above the 50-day and the 50-day is above the 200-day moving average. If SYTA can hold its gains or make further gains, the timeline to achieving proper moving averages alignment is reduced.
  • Volume: The recent surge in trading volume supports the upward price movement, indicating strong investor interest.

Conclusion:

Siyata Mobile Inc. (SYTA) is experiencing a significant upward price movement, driven by the announcement of its merger with Core Gaming. The high borrow fee rate and low days to cover ratio suggest a potential for a short squeeze, which could further propel the stock price. However, investors should be cautious of the overbought conditions indicated by the RSI and monitor for any signs of a pullback.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a financial advisor before making investment decisions.

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