10 Short Squeeze Stocks To Watch: Aeglea Biotherapeutics, Toro Corp, AirSculpt, A Company Moves Up 4,166 Positions & More

Potential short squeeze plays gained steam in 2021, continued throughout 2022, and remain a focus of new traders looking for the next huge move.

High short interest and steep borrowing costs are among the common traits that could lead to a short squeeze.

Here’s a look at the top five short squeeze candidates and several stocks to watch this week based on the Fintel short squeeze leaderboard.

See Also: 3 Scenarios We See Happening Ahead Of This Wednesday's Fed Rate Decision

1. Aeglea Biotherapeutics AGLE tops the short squeeze leaderboard after moving up 99 positions for the week. The clinical-stage biotechnology company has seen shares rise over 40% year-to-date in 2023. Data shows 115.9% of the float short and a cost to borrow of 26.1%.
2. Toro Corp TORO ranks second on the leaderboard for a second straight week. Data shows 47.8% of the float short, in line with last week’s report. The cost to borrow on shares is 25.7%, up from last week’s 20.3% reported. The stock previously topped the short squeeze leaderboard for several weeks in May and has made frequent appearances in the top 10.
3. AirSculpt Technologies AIRS moves back into the top five short squeeze candidates, gaining three positions from last week’s report. Data shows 33.6% of the float short, up slightly from last week’s 33.5% reported. The cost to borrow on shares is 19.6%, up from last week’s 17.4%. The stock has been a frequent short squeeze candidate, which previously topped the short squeeze leaderboard in May and June.
4. Apollomics APLM makes one of the biggest jumps to the top five in recent weeks, gaining 4,166 positions on the leaderboard. The company completed a SPAC merger earlier this year that has seen shares highly volatile as a low-float new listing. Data shows 88.3% of the float short and a cost to borrow of 715.9%, one of the highest in recent weeks.
5. Greenidge Generation Holdings GREE moves up two positions to rank fifth for the week. The company, which was previously known as Support.com, is a power generation and Bitcoin BTC/USD mining company. Data shows 11.2% of the float short and a cost to borrow of 108.7%. Bitcoin mining companies have been popular targets by short sellers, and several have made appearances on this list in recent months. 

Related Link: Benzinga's 'Stock Whisper' Index - 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet

Stocks to Watch

Outside the top five short squeeze candidates, several other names are making big moves:

1. GuardForce AI GFAI ranks sixth on the leaderboard, moving up 35 positions. Data shows 13.1% of the float short and a cost to borrow of 153.6%.
2. Rain Oncology RAIN moves up 18 positions to rank tenth on the leaderboard. Data shows 18.6% of the float short and a cost to borrow of 15.3%.
3. VCI Global VCIG makes a big jump of 710 places to rank 11th for the week. Dats shows 10.5% of the float short and a cost to borrow of 394.6%. The cost to borrow for the stock is fifth highest of all stocks on the leaderboard for the week.
4. BullFrog AI Holdings BRFG ranks 12th for the week, moving up five positions. Data shows 16.5% of the float short. A cost to borrow of 330.1% for shares is the sixth highest on the leaderboard.
5. Kala Pharmaceuticals KALA is no stranger to the short squeeze leaderboard, previously ranking in the top five. The stock ranks 16th for the week, moving up nine positions. Data shows 10.8% of the float short and a cost to borrow of 257.8%.

Read Next: Is Carvana GameStop No. 2? Jim Cramer Says Meme People Are In Control, Short Sellers Are In Trouble 

Image: Pixabay