A Benzinga report that Amazon.com, Inc. AMZN 0.75% will be expanding its relationship with Twilio Inc TWLO 1.61% has Twilio trading higher by 8.3 percent on Wednesday. A source familiar with the matter told Benzinga that Amazon will be teaming with Twilio to work on voice communications solutions.

Twilio came roaring out of the gates as one of the hottest tech IPOs of 2016 before crashing back down to earth within the past several months. Short sellers betting that Twilio’s slide will continue now have the stock positioned for what could be a massive short squeeze.

Twilio’s IPO priced at just $15 per share, but the stock burst onto the public scene with a 92 percent gain on its first day of trading in June. The Twilio rally peaked at $70.96 in late October when the stock made an abrupt 180-degree turn. Earlier this month, Twilio shares were trading as low as $28.37.

In the past three months, Twilio short interest has skyrocketed more than 83 percent.

According to shortsqueeze.com, Twilio has an extremely high short percent of float of 46.6 percent. The stock has…

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