Home Financial Markets Is that why Alpine 4 Technologies, Ltd., (OTCQB: ALPP) stock is hot...

Is that why Alpine 4 Technologies, Ltd., (OTCQB: ALPP) stock is hot today?

During the last trading session, Alpine 4 Technologies, Ltd., (OTCQB: ALPP) stock recorded a volume of ‎‎6,880,956. On December 24, 2020, the company with a market cap of 6,880,956 traded within the range ‎of $2.05 and $3.15, as the management of leading small market businesses announced that its Board of ‎Directors has voted to the NASDAQ list.‎

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‎ ‎‎ ‎Several factors motivated the company to move to the NASDAQ, including a desire to boost ‎shareholder value, said Kent B. Wilson, CEO of the company, in a statement while revealing this news. ‎‎ ‎Alpine 4’s already successful business model of Direct Sales Force (DSF) will flourish even more upon ‎its listing on a national exchange like the NASDAQ. Further, up listing Alpine 4 will result in a dramatic ‎reduction in equity and capital costs, as well as higher institutional investors and new business ‎opportunities with our ever-expanding global network of subsidiaries. We are thrilled that our ‎shareholders have chosen to support Alpine 4 in this exciting time, and we are grateful for their trust ‎and belief in our company, he added. ‎‎ ‎To facilitate the NASDAQ uplisting, the company will submit the appropriate SEC and FINRA filings in ‎the next few weeks. A move of this magnitude should take roughly 45 days and finalize at the end of ‎January or beginning of February. ‎‎ ‎‎


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‎Furthermore, data from ‎www.otcmarkets.com revealed that Short interest in the Alpine 4 Technologies, Ltd., (OTCQB: ALPP) ‎stock has surged, rising by a total of 309,480 shares on November 30, 2020. At the average daily sharing ‎volume of 30,738,025 shares on the most recent settlement date, the days to cover the figure was 1. ‎The interest had seen claims on November 30, 2020, stand at 310,532. ‎‎

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