The rise for FSLY doesn’t make a lot of sense without any news. What we can point to is that the Tic Tok issue seems to be quieting, and the number of shares short as of the middle of last month was about 8MM shares. Without more bad news perhaps it was time to exit those positions? I’ve never dabbled in shorting a stock, I doubt it’s a short squeeze, and yet the volume today was some 22.8MM shares, or four times the average volume.
Curiouser and curiouser…