Short squeeze targets (2/2)
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Hey Insiders, After a year where meme stocks saw significant declines, with Bed Bath & Beyond falling 83%, AMC down 76%, and Gamestop down 50%, this week, there was a sharp reversal in their fortunes. Bed Bath & Beyond jumped 69% in one day despite announcing that it would be laying off employees in a cost-cutting measure and was considering filing for bankruptcy. Later that day, AMC gained 21%, and GameStop gained 7%, indicating that there may be momentum behind short-squeeze attempts in the coming weeks. This weekend we are going to look at 20 stocks that have the potential to be the next short-squeeze target. Onward and Upward, | | |
Stock to Watch: Vertex Energy (NASDAQ: VTNR) - Vertex Energy has a short interest of 36.7% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 7.44 days.
- Vertex Energy currently has a market cap of $496M, which makes it prone to retail investors or smaller funds squeezing the stock.
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Stock to Watch: MicroStrategy Incorporated (NASDAQ: MSTR) - MicroStrategy has a short interest of 36.47% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 6.64 days.
- MicroStrategy currently has a market cap of $2.2B.
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Stock to Watch: Vivint Smart Home (NYSE: VVNT) - Vivint Smart Home has a short interest of 36.41% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 10.94 days.
- Vivint Smart Home currently has a market cap of $2.5B.
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Stock to Watch: Novavax (NASDAQ: NVAX) - Novavax has a short interest of 35.89% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 3.24 days.
- Novavax currently has a market cap of $967M, which makes it prone to retail investors or smaller funds squeezing the stock.
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Stock to Watch: Wayfair, Inc. (NYSE: W) - Wayfair has a short interest of 34.87% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 7.7 days.
- Wayfair currently has a market cap of $4.2B.
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Stock to Watch: Lucid Group, Inc. (NASDAQ: LCID) - Lucid has a short interest of 34.82% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 5.52 days.
- Lucid currently has a market cap of $13.6B.
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Stock to Watch: Rocket Companies, Inc. (NYSE: RKT) - Rocket Companies has a short interest of 33.81% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 13.64 days.
- Rocket Companies currently has a market cap of $15.6B.
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Stock to Watch: Fisker Inc (NYSE: FSR) - Fisker has a short interest of 33.51% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 11.29 days.
- Fisker currently has a market cap of $2.5B.
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Stock to Watch: Tattooed Chef Inc (NASDAQ: TTCF) - Tattooed Chef has a short interest of 33.45% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 15.67 days.
- Tattooed Chef currently has a market cap of $111M.
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Stock to Watch: Nikola Corporation (NASDAQ: NKLA) - Nikola has a short interest of 31.84% as a percentage of the outstanding float.
- The days to cover the short interest in the stock at the current trading volume would be 8.42 days.
- Nikola currently has a market cap of $1.2B.
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| | Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada. | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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