Investors are worried about SmileDirectClub, a Nashville-based MedTech platform that straightens teeth (NASDAQ:), and have caused shares to drop in value. While its high short interest indicates that the stock is a good short squeeze candidate, the company’s bleak financials could limit its upside. It begs the question: is this stock worth making a bet on? Continue reading. SmileDirectClub, Inc., a telephone dental company, designs and produces dental equipment in America. The oral care company’s stock has a very high short interest—appproximately 32.8% of its total floating shares have been sold short. However, SDC’s stock price has declined 64.7% year-to-date and 30.4% over the past month. Short-term bearishness is evident as the meme stock candidate trades at 73.8% under its $16.08 52-week high.

SDC’s disappointing third-quarter results as surging COVID-19 cases led most people to postpone elective healthcare services, including teeth alignment, have rattled investors.

The Nashville-based Teledentistry Company also lowered its fourth quarter guidance as it anticipates that the macroeconomic headwinds will continue. This could increase negative sentiment.

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