Jim Cramer says: “Reddit will have a really good quarter”

Reddit, Inc. (Nyse:Red) is one of the shares that Jim Cramer was told about it. A caller asked whether Cramer believes that the company will beat the upper and lower line when it is reported in 2 weeks and he replied:

“Yes, I absolutely do that. I think, Reddit, the last time it rose, it rose too much. It was too hot. I don’t know why that happened. I think that Reddit will have a really good quarter. I was shocked to see how much a big short position in it was, but now I think that Reddit is prepared. Steve Huffmans really great.”

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Reddit (NYSE: RDDT) carries out a digital platform with which users can join interested communities, share content and conduct discussions. During a June episode, Cramer was quite optimistic on the company inventory, as he commented:

“There are a number of shares that can only be described as a re-evaluation of growth or animal spirit. We see Reddit, the online measurement board, which is more than 5% shot today. In contrast to most people here with whom I speak, I do not give an assessment of these people.

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Disclosure: none. This article is originally published at Insider Monkey.