GEO Stock: Big Short squeeze on the Way Say Redditors

on Jun 10, 2021
Updated: Dec 19, 2022

GEO Stock has seen a price increase of nearly 40% today as Redditors look to squeeze out shorts.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

GEO Group is a private real estate company that owns and runs a number of prisons in the US. President Joe Biden has vowed to eliminate the use of privately owned prisons in the US in an attempt to bring the country’s incarceration rate down – the highest rate in the Western developed world.

This has led analysts to believe that the stock price will go down as the US government ends its contracts with the firm. In response to this, Redditors have seen the short orders as a new opportunity for creating a short squeeze, as was seen most famously with Gamestop stock.

After spiking by almost 40% to now trade around $8.80, speculation is abound on where the stock could be headed next.

Where to buy GEO Group Stock

Copy link to section


Copy link to section

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Register with Plus500 instantly


Copy link to section

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Register with eToro instantly

What are people saying on Reddit about GEO Stock? Is it a good buy?

Copy link to section

GEO Stock has been mentioned in 90 Reddit posts over the last seven days, including by r/wallstreetbets who have also been touting the coin as a profit making opportunity.

Short interest is currently in and around 36%, meaning there could be a lot of orders that could be swallowed up by a big swing to the upside.

Coversealy, further upside moves could play into the bears’ hands (paws) if they are able to enter more short positions as the price climbs higher.


Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
Joe Biden World