Potential short squeeze plays gained steam in 2021 and continued through 2023 with 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 this week based on the Fintel short squeeze leaderboard.
Getty Images: Content creator and image marketplace Getty Images moves up one position to top the short squeeze leaderboard. The stock is no stranger to the list, topping the leaderboard forfour straight weeksin February. Since goingpublic via SPAC merger,Getty Images has been a frequent short-squeeze candidate. Data shows 73.1% of the float short and a cost to borrow of 94.1%.
Unicycive Therapeutics: Biotechnology company Unicycive movesdown one placeto second on this week’s leaderboard. The move comes after the company topped the leaderboard for two straight weeks. Data shows 39.6% of the float short, in line with the last two weeks. The cost to borrow on shares is 171.5%, down from last week’s 231.2%.
Bellerophon Therapeutics: Clinical stage biopharmaceutical company Bellerophon moves up two positions to rank third. The stock blasted up the leaderboard two weeks ago. Data shows 14.7% of the float short and a cost to borrow of 138.9%.
PaxMedica Inc: The newcomer to the top five short squeeze candidates for the week is PaxMedia, which ranks fourth. The stock is no stranger to the leaderboard, with frequent appearances over the last 12 months. The stock was ranked sixth in last week’s report. Data shows 15.3% of the float short and a cost to borrow of 411.9%.
Compass Pathways: Mental health company Compass Pathways ranks fifth for a second straight week. Data shows 33.8% of the float short, in line with last week’s figure. The cost to borrow on shares is 82.1%, up from last week’s 39.1% reported.
Stocks to Watch: Ranking outside the top five short squeeze candidates are several stocks that could be worth watching by investors.
MicroStrategy: The software company and Bitcoin holder ranks sixth, after moving up three positions. Data shows 42.8% of the float short and a cost to borrow of 5%.
MoonLake Immunotherapeutics: The frequent short squeeze candidate ranks seventh, moving up one position. Data shows 15.9% of the float short and a cost to borrow of 13.4%.
Chicken Soup for the Soul Entertainment: Streaming company Chicken Soup for the Soul moves up 127 positions to rank ninth for the week. Data shows 7.3% of the float short and a cost to borrow of 22.5%. The stock was a frequent short-squeeze candidate last year.
SurgePays Inc: The fintech company moves up 40 positions to rank tenth on the leaderboard. Data shows 18.5% of the float short and a cost to borrow of 5.8%.
RumbleOn: The online retailer ranks 14th on the leaderboard, moving up 104 positions for the week. Data shows 28.3% of the float short and a cost to borrow of 1.2%.
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