Potential short squeeze plays gained steam in 2021 and have continued through 2022 with new traders looking for the next huge move.
Here’s a look at the top five short squeeze candidates based on the Fintel short squeeze leaderboard.
- TOP Ships: Tanker vessel company TOP Ships (NASDAQ: TOPS) ranks first on the Fintel short squeeze leaderboard for the week. The company hauls oil and bulk liquid chemicals. Shares of the stock have been on a tear going from the $2 level in late September to over $7 in October. Shares are up 735% year-to-date in 2022. Data shows 20.2% of the float short and a cost to borrow of 75.3%.
- SurgePays: Fintech company SurgePays Inc. (NASDAQ: SURG) ranks second on the leaderboard, gaining one spot from last week’s third place ranking. Data shows 56.4% of the float short and a cost to borrow of 8.9%. The short percentages remains in line with last week while the cost to borrow rises slightly.
- Greenwich LifeSciences: Clinical stage biopharmaceutical company Greenwich LifeSciences (NASDAQ: GLSI) ranks third on the leaderboard, moving down from last week’s first place ranking. Data shows 27.5% of the float short, up slightly from last week’s 27.4%. The cost to borrow on shares rises from 11.4% last week to 11.6% to start this week.
- Minerva Neurosciences: Clinical stage biopharmaceutical company Minerva Neurosciences (NASDAQ: NERV) rejoins the leaderboard, which it previously topped. The stock moves up nine positions from last week to rank first. Data shows 23.2% of the float short and a cost to borrow of 76.3%.
- Weber: Outdoor cooking company Weber Inc. (NYSE: WEBR) moves up 19 places to rank fifth for the week. The stock was recently highlighted by Benzinga as a stock that could move back into the top five places. Data shows 48.9% of the float short and a cost to borrow of 32.2%.
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