Sleep Number rose 47% today, and Edesa Biotech also saw a significant increase: the former has been continuously losing money, with its stock price staying low for a long time. Its extremely low free-float market cap combined with a high short interest ratio makes today's pattern highly characteristic of a short squeeze; the latter is a clinical-stage biotech company. If the driver comes from data leakage ahead of schedule, it may have sustainability; otherwise, it's also a small-cap momentum phenomenon.
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