Hims & Hers is Planning to Expand Into Europe Through the Acquisition of ZAVA!
Expanding into the European market could generate new growth impulses!
32% of Hims & Hers' shares are currently sold short. Positive company-specific news could put pressure on short sellers!
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On June 3rd, Hims & Hers (HIMS) announced its plan to enter the European market through the acquisition of ZAVA. The focus is particularly on expanding its presence in the United Kingdom and making its first market entry in Germany, France, and Ireland. I believe this is a smart move, as it can reduce the revenue sources and risks associated with having too much dependence on a single sales market. At the same time, this step is likely to put short sellers under pressure again with this highly volatile stock in the short term. Consequently,...
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