GameStop And Other Short Squeezes Still In Play
29 stocks have short interests in excess of 30% (see previous TalkMarkets article here) and they declined 1.6%, on average, in the past week with 12 advancing. Nineteen of the 29 stocks are still up from when the short squeeze began in earnest on January 15th. This article takes a look at the short interest stock activity this past week and their performances since mid-January.
Tracking those short interest stocks that have continued to increase in price shows the extent to which the short squeeze is faring and, as a result, remain thorns in the side of the short-sellers. The major advancers last week were:
- GameStop: (GME) +35.4% (+288.0%) to $137.74/share
- Rocket Companies: (RKT) +14.9% (+28.1%) to $25.10/share
- National Beverage: (FIZZ) +14.8% (-38.3%) to $54.71/share
- The Childrens Place: (PLCE) +9.1% (+32.0%) to $75.58/share
- Dillards: (DDS) +6.5% (+30.5%) to $84.91/share
- Seritage: (SRG) +6.3% (+43.8%) to $21.47/share
- Esperion Therapeutics: (ESPR) +6.0% (+13.7%) to $29.04/share
- AMC Networks: (AMCX) +5.3% (+64.3%) to $69.07/share
The major decliners this past week were as follows. Their performance since January 15th are in parentheses.
- Ontrak: (OTRX) -55.9% (-61.5%) to $26.02/share
- Vir Biotech: (VIR) -27.9% (59.3%) to $45.18/share
- Naked Brand: (NAKD) -17.3% (+91.1%) to $0.86/share
- Vaxart: (VXRT) -15.8% (-16.2%) to $6.02/share
- SunPower: (SPWR) -11.8% (-4.0%) to $30.64/share
- KOSS: (KOSS) -11.5% (+409.7%) to $14.78/share
- CarParts.com: (PRTS) -8.9% (+24.2) to $16.16/share
- Fulgent Genetics: (FLGT) -8.8% (+30.6%) to $92.34/share
- Clovis Oncology: (CLVS) -6.8% (N/C) to $5.58/share
- Accelerate Diagnostics: (AXDX) -6.2% (+1.7%) to $9.39/share
The remaining 11 high net short stocks have gone up or down in price by less than 5% in the past week.
The above analyses suggest that the Reddit short squeeze trend may be waning but it is too early to conclude that the short squeeze is over.
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