Aug. 15 at 6:03 PM
lowfloatreport.com/ -
$SSY ⬆️ Gap-Up-Stay-Up alert: after a 6.25% gap at the open (
$0.96 ➜
$1.02), price never looked back—pushing to
$1.21 and still camped at
$1.12 (+16.15% on the day, +9.31% above the open). Buyers soaking every dip while the gap remains intact tells us the move is driven by real repricing (merger completion) rather than fleeting FOMO 🏗️.
With just 4.7M float, today’s 293K shares = 6.2% of supply already turned over, and 1.45× relative volume means each additional bid competes for a tiny pie 🍰; low float turns modest demand into outsized price jumps, so gaps here get dramatic fast—and when they hold, momentum algorithms love to chase.
“Staying up” simply means closing above both the open and prior close; gaps that finish green and settle in the top third of the day (we’re at 71% of today’s range) historically show the highest 1-3-day follow-through 📈. Keep an eye on float turnover pushing toward 20% for clues to a possible second leg. Full data: LowFloatReport.com
