Trading in Snap is quietly undergoing a major shift that could send the stock soaring

Snap has been one of the most shorted stocks in the US application-software sector for much of the past year.
New data from S3 Partners finds that trading in Snap's stock is undergoing a shift that could put pressure on short sellers and boost shares.
Watch Snap trade in real time here.
Snap is getting too expensive to short.
It's an interesting turn of events for the company's stock, which is the second-largest short in the US application-software sector, with traders betting a whopping $1.64 b