Red Robin short-squeeze abates, levels to watch Shares are now nearly all the way back to yesterday's gap high in price at $39.76. The reversal is not atypical for short-squeezes, which tend to abate as shorts cover. Yesterday's extreme volume spike appears to have eased the pressure on supply and demand in a low float stock. Resistance is at $41.55.
News For RRGB From The Last 14 Days
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Red Robin reports Q1 EPS 66c, consensus 66c Reports Q1 revenue $306.3M, consensus $306.36M. Reports Q1 company-owned comparable restaurant revenues increased 2.2% compared to the same period a year ago.