Ortex estimates 72% of the stock's float is currently held in short positions, making it an excellent candidate for a short squeeze. The stock is up more than 2,250% from its March 2020 lows, and short sellers have piled in. Ortex estimates that 85% of 's float, or free-trading shares, is held in short positions, the highest percentage of any stock on this list.īig 5 Sporting Goods is a California-based sporting goods retailer. 10, will conduct a shareholder vote to approve a reverse merger with Bitcoin transaction processor Greenidge Generation Holdings. Incredibly, the short squeeze could be just getting started. In the past two months, has experienced a massive short squeeze that has sent the stock skyrocketing more than 900%. has been on Ortex's radar since it named the stock a short squeeze candidate back in July. Here are eight stocks that have all the ingredients to be the next major short squeeze, according to Ortex Analytics. Short squeezes are large, short-term spikes in share price that occur when a sizable number of short sellers are forced to cover, or exit, their positions by buying shares of stock. Throughout the year, groups of retail traders on social media have successfully orchestrated targeted buying campaigns for some of the most heavily shorted stocks in the market in an attempt to drive out short sellers and trigger short squeezes. Short selling has gotten a lot of attention in 2021. These stocks are primed for a short squeeze.
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