I'm speculating on another short squeeze!
Currently, about one in six shares of Cerence is sold short. The approximately 7.1 million short-sold shares offer the potential for a short squeeze!
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Cerence Inc. (CRNC) (i.) specializes in AI-based solutions for the automotive industry. This addresses customers who have been complaining about challenging conditions for a long time. I believe many negative factors have now been successfully processed by the ongoing decline since 2021, allowing for a forward-looking perspective. The company is expected to surpass the profitability threshold again this year and return to a growth path in the coming years due to increased vehicle connectivity. Since November 2024, the stock has already adopted this...
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