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Wajeeh Khan

Nearly 45% of Its Float Is Being Sold Short. Should You Bet on iRobot Stock Here?

iRobot IRBT United States

Meme stock enthusiasts continue to flock into iRobot (IRBT) following reports the U.S. government is “all in” on accelerating the domestic robotics industry. 

On Wednesday, the Nasdaq-listed firm blew past key resistance at the $4.82 level. IRBT currently has nearly 45% of its float sold short, making it a perfect candidate for a short squeeze. 

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