Why SmileDirectClub Shares Surged Higher Today

SmileDirectClub Inc SDC is trading higher on abnormally high volume during Monday's session as traders on social media circulate the stock, highlighting its high short interest.

The average session volume is about 6.5 million. The daily trading volume for Monday's session was over 42 million. 

SmileDirectClub was one of the top three trending stocks on Stocktwits at publication time. 

The percentage of the float sold short is about 33%, according to data from Benzinga Pro.

SmileDirectClub is engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel and retainers.

SDC Price Action: SmileDirectClub has traded as high as $16.07 and as low as $4.63 over a 52-week period.

The stock closed up 16.12% at $5.98 on Monday.

Photo: courtesy of SmileDirectClub.

Market News and Data brought to you by Benzinga APIs
Posted In: Newswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!