Why Upstart’s 30%+ Short Base Looks Like a Trade, Not a Death Sentence
Upstart (UPST) trades near $33.68 with more than 30% of the float sold short and a market cap of about $3.22B. The bears point to Model 22 headaches and legal noise. The bulls point to accelerating auto and mortgage originations, a manageable P&L, and a crowded short book that can force squeezes. This is a mid-term trade idea: entry $33.68, stop $2…