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The Short Squeeze List

Any move below $46.15 a share will then push shares of CASY into 52-week low territory, which is bearish technical price action. Currently, Marriott’s short interest ratio of 19.4 means that it would take approximately a month of buying at current volume levels for short sellers to unwind their short positions. “VRPX has a borrow fee rate of 28.8%, which, although less than our top two picks this week, is still significantly elevated,” Risenhoover said. “Like the other candidates, VRPX has had a significant increase in trading volume and price action, which could precipitate a short squeeze.” Though short interest on JPM has declined since it peaked at a two-year high in mid-December, speculative players have once again turned to these bearish bets.

  • This filtering yielded these five fundamentally sound companies with high short interest and a bullish Chaikin Power Gauge Rating all of which are attractive buy candidates.
  • Today, New England Asset Management has $5.9 billion in assets under management and has stakes in 184 separate securities.
  • All of these stocks in the table above have the large short interest and high fee/rebate rates, but they are not necessarily ready for an imminent short squeeze.
  • After 9/15 there was quite a large volume day (9/29), which also had a very low ratio of market maker shorting– only about 4% of the dollar volume.

From that universe we then narrowed our search to focus on companies with a strong balance sheet and cash flows and recently positive earnings reports. This filtering yielded these five fundamentally sound companies with high short interest and a bullish Chaikin Power Gauge Rating all of which are attractive buy candidates. Too much hate can spur a short squeeze, a buying frenzy that’s triggered by short sellers who need to cover their losing bets to exit the trade. Over the last decade, buying the most hated and heavily shorted large- and mid-cap stocks would have beaten the S&P 500 by 9.28% each and every year. But as a shareholder of PayPal, the most reassuring data point is the increasing engagement of active accounts. Following a temporary engagement slowdown caused by the pandemic, the average active PayPal account completed 50.1 transactions over the trailing-12-month period, ended Sept. 30, 2022.

Chaikin’s indicators are industry standards, found on almost every trading platform in the world. Chaikin also pioneered the first real-time analytics workstation for institutional money managers and trading desks, now part of Thomson Reuters’ institutional workstation. Garmin took off following second-quarter Coding Salary: How Much Do Computer Programmers Make earnings last week, and that bullish momentum could force shorts to cover, accelerating the squeeze in August. These heavily shorted stocks could get squeezed higher on any positive catalyst. These 5 stocks are ripe for a short squeeze after surging in popularity this past month, according to Fintel.

Bank stocks are often known for their juicy dividends and share buyback programs. During a good year, it’s not out of the question for BofA to return in excess of $20 billion to its shareholders via dividends and share repurchases. As I’ve previously pointed out, Bank of America’s digitization efforts are paying fx choice review off. All told, 43 million people are now active digital customers, with 48% of total sales occurring online or via mobile app in the third quarter. As people shift online for their banking needs, BofA has the opportunity to consolidate some of its physical branches in order to minimize noninterest expenses.

Doubters continue to bet this ticker is due for a pullback, ignoring how undervalued shares are even with the brewing headwind.

This is what Matthew Cooper, Ph.D., chief scientific officer of Progenity, explained earlier this month. Just recently, this company said it expects profit in its fiscal third quarter to rise from a year ago despite store closings after Superstorm Sandy, as more customers visited stores and also spent more. Pier 1 Imports said that revenue at stores open at least a year jumped 7.9% in the three months through Nov. 24, or more than 9% when stripping out Sandy’s effect.

And if you’re able to have a series of these mini squeezes, it can end up having a similar effect on your portfolio. That’s why short sellers typically do their homework and identify specific, concrete reasons why a stock is poised to fall. They can also disseminate false or misleading information to spook investors, so be careful. Many get it wrong and wind up losing their shirts on these trades. One of these surges could eventually jump-start a rally that sends the stock soaring in a more sustained way. Big 5 Sporting Goods is one of Wall Street’s most heavily shorted stocks right now.

Millions of new market participants have entered the ring looking to make money with penny stocks and blue chips. This company is focused on acquiring, developing and commercializing novel therapeutic products for the treatment of central nervous system disorders. Wall Street analysts, on average, expect Avanir Pharmaceuticals to report revenue of $12.90 million on a loss of 9 cents per share. If you do decide to bet ahead of a quarter, then you might want to use options to limit your capital exposure. Heavily shorted stocks are usually the names that make the biggest post-earnings moves and have the most volatility.

5 stocks ripe for short squeeze

And investing in these companies now can make some investors millionaires by 2030. It’s not hard to understand why short sellers have been so anti-Garmin. While it’s true that the firm’s former cash-cow of portable car GPS units has become commoditized, Garmin has replaced that drying business to more profitable niche consumer electronics.

My Favorite Stock Market Books to Give and Get

Since the calendar flipped to January, this big stock has been in correction mode, handing back about 8.8% of its market value. And short sellers are betting that there’s more downside ahead. Currently one in four shares of Under Armour’s float are being shorted, making it another textbook short squeeze candidate. “BLIN has a borrow fee rate of 135%, which is extraordinary,”Risenhoover said.

5 stocks ripe for short squeeze

When this happens, we often see a tradable short squeeze develop as the bears rush to cover their positions to avoid big losses. Even the best short-sellers know that it’s never a great idea to stay short once a bullish earnings report sparks a big short-covering rally. Today, we’ll replicate the most lucrative side of this strategy with a look at five big-name stocks that short sellers are piled into right now. These stocks could be prime candidates for a short squeeze in the months ahead. The higher the short ratio, the higher the potential profits when the shorts get squeezed. “MRIN currently has a borrow fee rate of 182% APR, which is an extraordinary cost to borrow shares,” said Fintel founder Wilton Risenhoover.

Mini Short Squeeze

Given a focus on penny stocks under $1 and potential short squeeze stocks, FAMI could be one to watch. The rise of meme stocks opened the flood gates for new trends to take hold in the stock market today. Things are becoming more thematic, whether it’s the latest sector trend like energy and electric vehicles or simply looking for penny stocks under $1. One of the more popular and recently discussed themes relates to stocks with higher levels of short interest. These “short squeeze stocks” are sought after by mainly retail traders.

Look for volume on that move that hits near or above its three-month average action of 2,309,240 shares. If that breakout triggers, then JOY will set up to re-test or possibly take out its next major overhead resistance levels at $64 to $66.80 a share. Look for volume on that move that registers near or above its three-month average action of 3,423,520 shares.

Stocks Mentioned

It also doesn’t hurt that Visa strictly sticks to payment processing and has avoided dipping its toes into the lending pool. Although it could easily generate interest income and added fees as a lender, doing so would expose it to loan losses during inevitable recessions. Not having to set aside capital to cover potential losses is what allows Visa to bounce back from economic downturns faster than its peers. In 1998, Berkshire Hathaway acquired reinsurance company General Re for $22 billion. However, General Re also owned a specialty investment company, New England Asset Management .

Newegg recently surged as much as 627% in a one-week coinspot trustpilot period before giving back some of those gains.

What’s A Short Squeeze?

Nothing on this site is meant to be a recommendation to buy or sell securities nor an offer to buy or sell securities. I will be watching the unusual short sales transactions tool as always. Accounts receivables are increasing considerably ($3.2M at the end of 2021, $5.6M at the end of Q1/22 and $8.3M at the end of Q2/22) which could generate some concerns. However, this is money owed by the government in the form of ACP subsidies, it shouldn’t be a cause for concern in our view.

From a technical perspective, PIR is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last five months, with shares moving from a low of $15.19 to its recent high of $21.24 a share. During that uptrend, shares of PIR have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed PIR within range of triggering a near-term breakout trade post-earnings. From a technical perspective, AVNR is currently trending below both its 50-day and 200-day moving averages, which is bearish.

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