SmileDirectClub, Inc. SDC shares popped Monday on what appears to be continued momentum fomr last week. The stock has a short float of 22.14% according to data from Benzinga Pro, which may be helping drive the stock higher amid potential short squeeze interest.
SmileDirectClub stock also benefitted last week following a strong earnings report from Align Technology ALGN. SmileDirectClub itself is set to report second quarter earnings on Aug. 8.
The company is expected to lose 11 cents per share and report revenue of $101.91 million.
Related Link: Here's Why Monolithic Power Systems Shares Are Moving
SDC Price Action: Shares of SDC were up 17.2% at $0.82 at the time of publication, according to Benzinga Pro.
Image by Bruno Pereira from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
