I am speculating on another short squeeze!
Currently, about one in six shares of Cerence is short-sold. The nearly 7.1 million shares that have been short-sold present the potential for a short squeeze!
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Cerence Inc. (CRNC) (i.) specializes in AI-driven solutions for the automotive industry. In doing so, the company addresses customers who have been complaining about difficult conditions for a long time. I think many negative factors have now been successfully processed by the ongoing decline since 2021, allowing for a forward-looking perspective. Thus, the company is expected to exceed the profitability threshold again this year and return to a growth path in the coming years through increased vehicle connectivity. Since November 2024, the stock...
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