Market Flash on iRobot (IRBT)

EquiLend Data & Analytics casts light on the latest meme stock battleground!

Our data highlights a significant rise in borrow demand for iRobot (IRBT) shares since the start of December with EquiLend Borrow Quantity and Cost to Borrow rising significantly (rising 55% and 4,700% respectively since December 1).

The heightened borrowing activity in IRBT is evidence of rising negative sentiment towards the company due to its fragile fundamentals. Investors are betting against the meme stock supporters who have been looking for a low-cost means to invest in the positive consumer-robotics news that has emerged from the U.S. government this week.

The positive movement arose from speculation of new investment into U.S. robotics from the Department of Commerce; however, it remains to be seen if this investment will come and whether it’s enough to turn around struggling companies like iRobot.

Investors are poised and you can start your free trial of EquiLend’s Data & Analytics by contacting us here to see who comes out on top in the latest battle between short investors and meme stock enthusiasts!

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