Short squeezes can be one of the most powerful trading catalysts on Wall Street, and traders are always on the lookout for the next major short squeeze candidate.
S3 Partners analyst Ihor Dusaniwsky just released his latest list of the top short squeeze stocks and ETFs based on short interest and short percent of float.
Dusaniwsky said there are currently only 43 U.S. stocks with short interest of at least $25 million and short percent of float of at least 40%.
“These are stocks which have a greater chance of a short squeeze if stock loan supply gets tight, stock borrow rates negatively impact net of financing expected Alpha, mark-to-market losses mount if the security rallies, or recalls start hitting the street,” Dusaniwsky wrote in the report.
See Also: 10 ETFs That Could Be Primed For A Short Squeeze
Short Squeeze Candidates
Here are S3’s 10 best stock candidates for a short squeeze.
- Dillard's, Inc. DDS, $496.5 million short interest, 84.2% of float.
- GameStop Corp. GME, $273.1 million short interest, 74.7% of float.
- Health Insurance Innovations Inc HIIQ, $129.6 million short interest, 72.9% of float.
- Tanger Factory Outlet Centers Inc. SKT, $659.5 million short interest, 68.9% of float.
- Yeti Holdings Inc YETI, $510.3 million short interest, 64.8% of float.
- Pennsylvania R.E.I.T. PEI, $195.5 million short interest, 64.0% of float.
- Eidos Therapeutics Inc EIDX, $135.7 million short interest, 62.5% of float.
- Bed Bath & Beyond Inc. BBBY, $756.3 million short interest, 62.0% of float.
- Fastly Inc FSLY, $177.0 million short interest, 61.6% of float.
- Turning Point Therapeutics Inc TPTX, $92.7 million short interest, 58.1% of float.
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