Celsion Corporation (CLSN) Stock: Possible Short Squeeze And More


Celsion Corporation (NASDAQ: CLSN) is having an incredibly strong start to the day today in the pre-market hours, and for good reason. Tomorrow is likely to be a big day for the company as it hosts an event to update investors with regard to its Research and Development activities. On top of that, the stock seems to be gearing up for a short squeeze. We’ll get into all of that in a moment, but before we do:, we’d like to thank our friends at Trade Ideas for being the first to alert us to today’s gains. Currently (9:14), CLSN is trading at $5.13 per share after a gain of $0.53 per share (11.52%) thus far today.

CLSN To Host Research & Development Event

As mentioned above, Celsion Corporation recently announced that it will be hosting a Research and Development Day for investors. The event will be held tomorrow, October 12, 2017, between 4:00 p.m. and 6:00 p.m. Eastern Time. While the event will be held in New York City, it will be simultaneously streamed as a webcast for those investors who won’t be able to make it to NYC.

During the event, CLSN will be offering various presentations that are focused on the company’s research and development programs. These presentations will be offered by leading experts in directed chemotherapies, DNA-based immunotherapies, and immuno-oncology.

If you would like to attend the webcast, you can do so by clicking here to go to the company’s website. The webcast will begin at approximately 4:15 p.m. Eastern Time. However, if you’d like to take part, CLSN encourages online visitors to register at least 15 minutes prior to the scheduled start to ensure a timely connection. If you can’t make it live, don’t worry. CLSN will be making the archive available for replay for 90 days following the event.

A Short Squeeze In The Making

As we speak, Celsion Corporation seems to be gearing up for a short squeeze. For those of you who are unaware what that is, in short, it is an opportunity for dramatic gains in a very short period of time. A short squeeze takes place when a heavily shorted stock or commodity moves sharply higher in value. Ultimately, this forces short sellers on the asset to close out their short position, bringing further upward pressure on the value of the asset. Essentially, as short sellers are squeezed out of their short positions, those that are long on the stock enjoy the gains resulting from the move.

Well, that seems to be exactly what we’re seeing out of CLSN. If you click here, you’ll see that a good portion of the high volume that we’ve seen on the stock is short volume. This means that there is a large portion of the stock that is being sold short at the moment. However, the stock continues to find its way upward, and while it does, it’s likely making the shorts on the stock nervous. Tying in the fact that good news is likely to be released tomorrow only exacerbates the idea that a short squeeze is coming, and coming soon!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CLSN. In particular, we’re interested in not only following the research & development event, but we’re also excited to see if the event does indeed lead to a short squeeze, making the longs happy that they stuck around. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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