E Short Squeeze Activity Up Dramatically So Far This Week

25 of the 29 stocks with short interests in excess of 30% (see previous TalkMarkets article here) have increased in price by 11.8%, on average, so far this week with 13 stocks remaining above their prices on January 15th when the short squeeze activity began in earnest.

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, is remaining a thorn in the side of the short-sellers. The major advancers as of the market close on Wednesday were:

  1. KOSS: (KOSS) +109.5% to $30.17/share
  2. GameStop: (GME+91.3% to $263.45/share
  3. Ontrak: (OTRX) +15.1% to $29.94/share
  4. Naked Brand: (NAKD) +14.0% to $0.98/share
  5. Zynes: (ZYXI) +13.5% to $16.74/share
  6. Macy's: (M) +12.1% to $16.95/share
  7. Seritage: (SRG+8.4% to $23.28/share
  8. Vaxart: (VXRT) +6.3% to $6.40/share
  9. Fulgent Genetics: (FLGT) +5.3% to $97.20/share
  10. SunPower: (SPWR) +5.2% to $32.30/share
  11. Clovis Oncology: (CLVS) +5.2% to $5.87/share

The decliners so far this week are as follows:

  1. Stitch Fix: (SFIX) -33.6% to $48.47/share
  2. CarParts.com: (PRTS-8.9% to $14.97/share
  3. iRobot: (IRBT) -3.8% to $115.95/share
  4. Accelerate Diagnostics: (AXDX-3.1% to $9.10/share

The remaining 14 high net short interest stocks have gone up or down in price by less than 5% so far this week.

The above analyses suggest that the Reddit short squeeze trend has got a new lease on life and probably has some more surprises in store for us.

(For more extensive financial information, charts, news releases and articles, and up-to-the-minute stock prices click on the stock symbols links.)

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.