10 Perfect Short Squeeze Targets

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By Paul Ausick Published
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10 Perfect Short Squeeze Targets

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How likely is it that a beaten-down, heavily shorted stock can become a near certain candidate for a short squeeze? In some cases, rising stock prices like we have seen since mid-June make some stocks more squeezable and telegraph a short squeeze likelihood of 100%.
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Ihor Dusaniwsky of S3 Partners calculates a Squeeze Score based on short dollars at risk, short interest including synthetic long bets created by short sales, stock loan liquidity and trading liquidity. In the current case, recent stock price gains have generated mark-to-market losses on several crowded (i.e., popular) trades and made them highly susceptible to a short squeeze.
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In a tweet posted Wednesday, Dusaniwsky identified 10 stocks with Squeeze Scores of 100:

  1. AMC Entertainment Holdings Inc. (NYSE: AMC)
  2. Affirm Holdings Inc. (NASDAQ: AFRM | AFRM Price Prediction)
  3. Bed Bath & Beyond Inc. (NASDAQ: BBBY)
  4. Beyond Meat Inc. (NASDAQ: BYND)
  5. Carvana Co. (NYSE: CVNA)
  6. Coinbase Global Inc. (NASDAQ: COIN)
  7. GameStop Corp. (NYSE: GME)
  8. MicroStrategy Inc. (NASDAQ: MSTR)
  9. Sirius XM Holdings Inc. (NASDAQ: SIRI)
  10. Upstart Holdings Inc. (NASDAQ: UPST)

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The following table shows the number of shares shorted in millions, the percentage of shares shorted (not including synthetic longs), the percentage of shorted shares including dark pool volume, and the borrow fee, the annualized interest rate on the borrowed shares. All these stocks have a Squeeze Score of 100. The data comes from Fintel.
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Name Ticker Shares Shorted % of Total Float Borrow Fee %
AMC AMC 95.10 18.45 6.45
Affirm AFRM 39.70 19.13 0.51
Bed Bath & Beyond BBBY 29.10 41.86 8.96
Beyond Meat BYND 19.90 35.77 64.73
Carvana CVNA 27.50 30.34 1.29
Coinbase COIN 30.34 21.04 3.18
GameStop GME 59.90 23.63 27.44
MicroStrategy MSTR 3.40 36.48 8.63
Sirius XM SIRI 206.50 30.49 15.26
Upstart UPST 25.80 36.93 24.84
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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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