On the recent short-selling list, $MicroCloud Hologram Inc.(HOLO)$ has emerged as a rising star, while $B. Riley(RILY)$ and $Children's Place(PLCE)$ remain regulars.
Against the backdrop of cooling CPI and a rising market, which meme stock will be the next to face a short squeeze?
Our list compiles the stocks with the highest short interest as of May 31 and their monthly returns.
Would you choose to short or go long on these stocks with short interest around 50%?
$MicroCloud Hologram Inc.(HOLO)$ involves in holographic or augmented reality technologies, currently trading at a low price with a significant annual decline.
Short Interest: There are 1,206,580 shares shorted, which is a very high 66.64% of its float.
$Children's Place(PLCE)$: A retailer specializing in children's apparel, experiencing a significant price drop over the year.
Short Interest: With 2,710,139 shares shorted, making up 55.33% of its float.
$B. Riley(RILY)$ : A diversified financial services company that has shown resilience with a positive year-to-date performance.
Short Interest: Short interest stands at 7,951,583 shares, representing 50.68% of its float.
$Maxeon Solar Technologies Ltd(MAXN)$ focuses on solar technology and products, which has seen -77% in its stock price year-to-date.
Short Interest: There are 15,302,493 shares shorted, or 45.95% of its float.
$Phathom Pharmaceuticals(PHAT)$ involves in the development of drugs.
Short Interest: The short interest is 12,329,220 shares, accounting for 44.05% of the total float.
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Meme Stock Mania: Barcode's Ultimate Guide to Short or Long? The Key to Winning Big!
In the ever-exciting world of meme stocks, navigating through high short interest can feel like walking a tightrope. Against the backdrop of cooling CPI and a rising market, meme stocks are in the spotlight, poised for the next big move. Here’s an intelligent, yet layman-friendly breakdown of whether to short or go long on some high-interest contenders as of 14 June 2024.
1. MicroCloud Hologram Inc. (HOLO)
- Overview: Engages in cutting-edge holographic and augmented reality technologies.
- Recent News: HOLO has been a rollercoaster, with its stock experiencing dramatic surges due to short squeeze activity and fervent investor interest [oai_citation:1,MicroCloud Hologram Inc. (HOLO) Stock Price, Quote, News & Analysis](https://seekingalpha.com/symbol/HOLO) [oai_citation:2,MicroCloud Hologram Inc. (HOLO) Stock Price, Quote & News - Stock Analysis](https://stockanalysis.com/stocks/holo/).
- Short Interest: 1,206,580 shares shorted, 66.64% of its float.
Recommendation: Go Long. The high short interest and recent volatility present significant opportunities for gains. With ongoing market interest, HOLO is primed for further short squeeze potential.
2. Children's Place (PLCE)
- Overview: Specialises in children’s apparel but has faced a significant price drop.
- Recent News: PLCE has been battling financial woes and legal issues, including a class action lawsuit. However, recent financial results and management shake-ups could herald a turnaround [oai_citation:3,The Children's Place, Inc. (PLCE) Stock Price, Quote & News - Stock Analysis](https://stockanalysis.com/stocks/plce/) [oai_citation:4,Press Releases | The Children's Place](http://investor.childrensplace.com/news-events/press-releases).
- Short Interest: 2,710,139 shares shorted, 55.33% of its float.
Recommendation: Go Long. Despite its challenges, the high short interest and potential for a market rebound make PLCE a candidate for a short squeeze. Keep an eye on new developments closely.
3. B. Riley (RILY)
- Overview: A diversified financial services firm showing resilience with a positive year-to-date performance.
- Recent News: RILY has continued to perform well amidst market fluctuations, demonstrating its robustness.
- Short Interest: 7,951,583 shares shorted, 50.68% of its float.
Recommendation: Go Long. RILY’s solid fundamentals and resilience indicate potential for further gains and a possible short squeeze, especially with high short interest in play.
4. Maxeon Solar Technologies Ltd (MAXN)
- Overview:Focuses on solar technology and has seen a significant decline in stock price.
- Recent News: The solar sector has been struggling, reflecting in MAXN’s performance.
- Short Interest: 15,302,493 shares shorted, 45.95% of its float.
Recommendation: Go Short. With continued sector challenges and declining performance, shorting MAXN seems prudent unless a major positive shift occurs in the solar sector.
5. Phathom Pharmaceuticals (PHAT)**
- Overview: Develops drugs, making it a high-volatility stock based on clinical trial outcomes.
- Recent News: PHAT’s stock is influenced heavily by regulatory news and trial results.
- Short Interest: 12,329,220 shares shorted, 44.05% of its float.
Recommendation: Go Long. The potential for breakthroughs in their drug development pipeline makes PHAT a strong candidate for a short squeeze, with high short interest adding to its allure.
Which Meme Stock is the Next Short Squeeze?Amidst cooling CPI and a bullish market, MicroCloud Hologram Inc. (HOLO) is the standout contender for the next short squeeze. Its high short interest, recent surges, and strong market interest position it perfectly for another squeeze.
Summary:
- Long Positions: HOLO (potential short squeeze), PLCE (potential turnaround), RILY (resilience and potential squeeze), PHAT (pharma volatility).
- Short Position: MAXN (continued sector challenges).
Navigating the meme stock seas with flair, riding waves of market dare. Will HOLO rise and leave shorts to squeeze, or will PLCE find its turnaround breeze? RILY’s resilience shines through the fray, while PHAT’s pharma plays keep shorts at bay. MAXN’s solar troubles suggest a fall, but in this game, we’ve seen it all. Let’s ride the meme stock wave, savvy and bold, with HOLO as my top pick, let the story be told!
Meme Stock Mania: Barcode's Ultimate Guide to Target Prices and Trading Triumphs!
1. MicroCloud Hologram Inc. (HOLO)
• Target Price: $2.67 to $7.96 by the end of 2024, with various estimates suggesting potential peaks as high as $98.78 in 2025 and long-term targets up to $268.32 by 2025, but also risks of significant declines.
MicroCloud Hologram (HOLO) Stock Price, News & Analysis
2. Children’s Place (PLCE)
• Target Price: Around $20 to $25, with variations based on the retail sector performance and company-specific developments.
3. B. Riley Financial Inc. (RILY)
• Target Price: $60 to $70, reflecting its diversified financial services and strong performance year-to-date
MicroCloud Hologram (HOLO) Stock Price, News & Analysis
4. Maxeon Solar Technologies Ltd (MAXN)
• Target Price: $12 to $15, depending on improvements in the solar sector and company-specific advancements.
5. Phathom Pharmaceuticals Inc. (PHAT)
• Target Price: $35 to $40, influenced by the outcomes of its drug development pipeline and regulatory approvals.
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