$RXRX went down well yesterday. It's the most shorted stock in the USA at the moment.

I think I'll risk a little today.

Recursion: Dubai keynote triggers short covering

Recursion's share price rose by a whopping 15 percent yesterday - with extremely high turnover. Yesterday, 179 million shares were traded in the USA. More than ever before for Recursion and six times more than on a normal trading day. There was no official news or analyst recommendation as a trigger. However, the AI conference "Gitex Global" is currently taking place in Dubai and Recursion CEO Chris Gibson gave a keynote speech there yesterday. This keynote was obviously very convincing and probably prompted one or two participants to buy the share. These purchases were made on a stock that is heavily short-sold. In fact, Recursion is the stock with the third highest short ratio of all US stocks with a market capitalization of over one billion dollars. Currently, 30.7 percent of all outstanding shares are sold short, almost one in three.

Apparently, the price increases triggered by the fresh buying yesterday led to short positions being liquidated. This could continue today and in the coming days and drive the share price up (much) further. Especially if the share price also rises above its resistance at 7.15 dollars. Yesterday it closed in the USA at 6.79 dollars. Unfortunately, the Recursion share is not tradable in Germany.