One of the short-squeeze favorites that’s been absolutely tearing up the market of late is Insignia Systems (NASDAQ:ISIG). Today, ISIG stock is up more than 20%, surging on impressive volume once again.
This move follows some rather impressive momentum this week. Indeed, Insignia Systems is a stock that has more than doubled since Monday.
As we reported yesterday, Insignia Systems is now in the crosshairs of retail investors. This is a stock with a short interest ratio that remains elevated. Currently, this ratio sits at around 62%, an increase from yesterday.
Given this stocks’ relatively low float and low price per share, short squeeze enthusiasts have jumped on Insignia Systems as a top short squeeze candidate. Social media interest remains high around Insignia Systems. Indeed, this smaller-cap stock, with a market capitalization of $41 million at the time of writing, is relatively unknown by the masses.
That said, for those intrigued by the recent moves in this stock, let’s dive into a few things investors may want to know.
What to Know About ISIG Stock
- Insignia Systems is a company providing a suite of marketing solutions for consumer packaged goods brands.
- This Minneapolis-based company was founded in 1990.
- Insignia Systems’ products are aimed at retail-focused brands.
- Accordingly, investors banking on a rebound in retail activity coming out of this pandemic may like how ISIG stock is positioned.
- Additionally, Insignia Systems provides digital advertising solutions to its clientele.
- This combination of services has made Insignia Systems an intriguing growth stock for retail investors.
- Year-to-date, ISIG stock has been a 3-bagger for investors.
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On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.