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:
- KOSS: (KOSS) +109.5% to $30.17/share
- GameStop: (GME) +91.3% to $263.45/share
- Ontrak: (OTRX) +15.1% to $29.94/share
- Naked Brand: (NAKD) +14.0% to $0.98/share
- Zynes: (ZYXI) +13.5% to $16.74/share
- Macy's: (M) +12.1% to $16.95/share
- Seritage: (SRG) +8.4% to $23.28/share
- Vaxart: (VXRT) +6.3% to $6.40/share
- Fulgent Genetics: (FLGT) +5.3% to $97.20/share
- SunPower: (SPWR) +5.2% to $32.30/share
- Clovis Oncology: (CLVS) +5.2% to $5.87/share
The decliners so far this week are as follows:
- Stitch Fix: (SFIX) -33.6% to $48.47/share
- CarParts.com: (PRTS) -8.9% to $14.97/share
- iRobot: (IRBT) -3.8% to $115.95/share
- 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.)
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