Benzinga - 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.
Stocks to Watch: Outside the top five short squeeze candidates, several other names are making big moves and could be ones to watch for investors.
- Intuitive Machines (NASDAQ: LUNR): Ranking sixth on the leaderboard, Intuitive Machines moves up 21 positions. Data shows 18% of the float short and a cost to borrow of 396.3%.
- Mullen Automotive (NASDAQ: MULN): The automotive company moves up 1,769 positions to rank eighth on the leaderboard. Data shows 305.3% of the float short and a cost to borrow of 137.5%.
- IN8bio Inc (NASDAQ: INAB): Biopharmaceutical company moves up 783 positions to rank 10th on the leaderboard. Data shows 11.8% of the float short and a cost to borrow of 151.9%.
- Elevation Oncology (NASDAQ: ELEV): Moving up 718 positions on the leaderboard, the oncology company ranks 12th for the week. Data shows 13.3% of the float short and a cost to borrow of 14.2%.
- Kala Pharmaceuticals (NASDAQ: KALA): Frequent short squeeze candidate Kala drops 12 positions to rank 17th for the week. Data shows 8.5% of the float short and a cost to borrow of 438.6%. The stock has one of the highest cost to borrow ratings for the week.
Image by Hebi B. from Pixabay
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