The following questions are about applying your knowledge of security trading in understanding short squeeze. Short squeeze describes a phenomenon where short sellers are forced to close their short position due to lack of liquidity and create a cascading effect on stock price. When it happens, a mild initial price movement can trigger a domino effect that pushes the stock price drastically in one direction. The GameStop episode earlier this year is likely a short squeeze event.

Imagine stock ABC trades at $170 now. The market maker place a depth of exactly 1 share at each cent. That is, if you trade 1 share of stock ABC, its price moves 1 cent. You decide to buy 300 shares of ABC. After your trade, what's the price at which stock ABC trades?