Trupanion is the New GameStop: Partners With Chewy, 4 million Shares Short on Thin Volume

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Today's alert is on Trupanion, Inc. (TRUP) which announced it's teaming up with Chewy, Inc. (CHWY) to offer pet insurance to Chewy's base. If you recall, CHWY founder Ryan Cohen was the one who joined GameStop (GME) to initiate a turnaround plan, causing the famous short squeeze. TRUP is ripe to become the next GME. It's up around 27% today to $142, but the important thing is that it's up on only 570,000 of volume.

This is the share statistics of TRUP from Yahoo Finance. There are 4 million shares short on a float of 31 million, a decent short interest of 13%. But the bigger issue is that TRUP is very thinly traded. It has an average daily volume of about 350,000 and like I said it's up 27% on only 570,000 shares traded so far today. If shorts are forced to cover, this can be an easy squeeze to $200 or more. 





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