Over 1 Year Ago
2 Min Read
ASTS is down -6%. Find out why the stock moved down today.
Shares of AST SpaceMobile Inc - Class A (ASTS) are trading -6% lower at a price of $8.43 at the time of this writing. While it's generally been a somewhat glum day for this part of the market, the company is far behind it's peers in the Communication Services sector.
AST's stock is down because of a report that Kerrisdale wrote, which casts doubts on the company's Bluebird1 satellite
AST SpaceMobile Inc - Class A has been trading between a 52-week high of $14.27 and a 52-week low of $4.84. The stock has a market cap of $448 Million.
AST SpaceMobile is building the first, and only, space-based cellular broadband network to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile's team of engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Additional_Lock_5428 - 51 upvotes - source
$ASTS is very heavily shorted. No stock available to short. Has major news upcoming next couple of weeks regarding the new satelite very nice chance to see a major squeeze today after the guy in the picture HF came up with a shotrt report let's fry him. Send the stock to 1000. All apes together here to beat the MF
Only6Inches - 51 upvotes - source
ASTS will turn out to be one of the greatest battles of retail vs. short HFs
Weary_Hedgehog_9823 - 33 upvotes - source
Loooooooong 13k shares of ASTS. This douche-canoe can suck it.
Additional_Lock_5428 - 31 upvotes - source
$ASTS has catalysts upcoming ready to explode it is very heavily shorted
apan-man - 29 upvotes - source
Agreed - it's clear a bunch of hedge funds were short ASTS prior to launch and now Kerrisdale publishing their "report" today confirms this. It explains the high short interest.
Vergolinx - 25 upvotes - source
Trash report from a company run by a drug addict. Long ASTS
Responsible_Hotel_65 - 16 upvotes - source
Great DD on $ASTS , if the shorter read this before he may have gone long. https://transhumanica.com/asts
VisualMod - 15 upvotes - source
> SofaKingReeeeeeeTodd, you're such a poor schmuck. I'm surprised your limit order got filled at all. You must be the only person trading $ASTS after hours. Do yourself a favor and don't trade again until you have more money.
mvishakh_93 - 14 upvotes - source
There’s some insane level of DD on this from the bulls. OP was even at the satellite launch personally, has met with the team. You should check out his posts on Twitter to understand the level of knowledge the OP and some of the other prominent bulls have of ASTS
StDragonTheGeorge - 11 upvotes - source
To my knowledge starlink is only doing sms messages at first. $ASTS is going to essentially be 5g, if it all works out.
AST's stock is down because of a report that Kerrisdale wrote, which casts doubts on the company's Bluebird1 satellite
AST SpaceMobile Inc - Class A has been trading between a 52-week high of $14.27 and a 52-week low of $4.84. The stock has a market cap of $448 Million.
AST SpaceMobile is building the first, and only, space-based cellular broadband network to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile's team of engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Additional_Lock_5428 - 51 upvotes - source
$ASTS is very heavily shorted. No stock available to short. Has major news upcoming next couple of weeks regarding the new satelite very nice chance to see a major squeeze today after the guy in the picture HF came up with a shotrt report let's fry him. Send the stock to 1000. All apes together here to beat the MF
Only6Inches - 51 upvotes - source
ASTS will turn out to be one of the greatest battles of retail vs. short HFs
Weary_Hedgehog_9823 - 33 upvotes - source
Loooooooong 13k shares of ASTS. This douche-canoe can suck it.
Additional_Lock_5428 - 31 upvotes - source
$ASTS has catalysts upcoming ready to explode it is very heavily shorted
apan-man - 29 upvotes - source
Agreed - it's clear a bunch of hedge funds were short ASTS prior to launch and now Kerrisdale publishing their "report" today confirms this. It explains the high short interest.
Vergolinx - 25 upvotes - source
Trash report from a company run by a drug addict. Long ASTS
Responsible_Hotel_65 - 16 upvotes - source
Great DD on $ASTS , if the shorter read this before he may have gone long. https://transhumanica.com/asts
VisualMod - 15 upvotes - source
> SofaKingReeeeeeeTodd, you're such a poor schmuck. I'm surprised your limit order got filled at all. You must be the only person trading $ASTS after hours. Do yourself a favor and don't trade again until you have more money.
mvishakh_93 - 14 upvotes - source
There’s some insane level of DD on this from the bulls. OP was even at the satellite launch personally, has met with the team. You should check out his posts on Twitter to understand the level of knowledge the OP and some of the other prominent bulls have of ASTS
StDragonTheGeorge - 11 upvotes - source
To my knowledge starlink is only doing sms messages at first. $ASTS is going to essentially be 5g, if it all works out.
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