5 Short Squeeze Stocks To Watch: Getty Images, Bullfrog AI And A New Leader For The Week

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

High short interest and high cost to borrow 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.

1. Toro Corp TORO: Energy transportation company Toro ranks first on the top of the short squeeze leaderboard for the week. Data shows 113.4% of the float short and a cost to borrow of 27.4%. The company moved up 13 places on the leaderboard entering the new week. Shares of the company are up over 50% in the last month.

2. Bullfrog AI Holdings BFRG: A potential beneficiary of the rush of investors looking to find stocks related to artificial intelligence, Bullfrog moves up the leaderboard. Data shows 15.2% of the float short, down from last week’s 19.1% reported. The cost to borrow on shares is 624.1%, up from last week’s 556.4% reported and the highest of all stocks on the leaderboard. Bullfrog moves up two positions to rank second on the leaderboard.

Related Link: What Is A Short Squeeze? 

3. Getty Images Holdings GETY: Content creator and image marketplace Getty falls from the top of the leaderboard, after four straight weeks in the first place position. Data shows 100.2% of the float short, in line with last week’s figure. The cost to borrow on shares is 167.2%, down from last week’s 222.4%. Since going public via SPAC merger, Getty Images has been a frequent short-squeeze candidate. Shares of Getty Images spiked recently after Trillium Capital announced an acquisition offer for the company of $10 per share.

4. Shift Technologies SFT: Used car ecommerce platform Shift Technologies moves up 39 positions for the biggest jump of the top five short-squeeze candidates. Data shows 18.8% of the float short and a cost to borrow of 83.5%. The company completed a reverse stock split in March, which lowered the float on shares.

5. Kala Pharmaceuticals KALA: Highlighted as a stock to watch last week, Kala rejoins the top five short squeeze candidates, moving up one position to rank fifth. Data shows 8.7% of the float short and a cost to borrow of 394.1%. The stock has been a frequent short-squeeze target, with many appearances in the top 10. 

Read Next: Benzinga's 'Stock Whisper Index': 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet