If that breakout triggers, then AVNR will set up to re-test or possibly take out its next major overhead resistance levels at $3.26 to $.57 a share. Any high-volume move $3.57 will then put $3.94 into focus for shares of AVNR. I would simply avoid CASY or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below some near-term support at $48 a share with high volume. If we get that move, then CASY will set up to re-test or possibly take out its next major support level at $46.15 a share. Any move below $46.15 a share will then push shares of CASY into 52-week low territory, which is bearish technical price action.

We’re just witnessing the tip of the iceberg for edge cloud stocks like Fastly. Another exceptional quarter of growth could be all it takes to flatten short-sellers. Stock could be well-positioned to skyrocket if a short squeeze occurs.

“Trading volume for shares has increased significantly in the last month, and the price has climbed, which puts pressure on short sellers and could precipitate a short squeeze.” Root had 10.92 million shares held short as of mid-March, representing almost 41% of its float. Considering that Root’s average daily trading volume is less than 3.2 million shares, it would take just shy of 3.5 trading days for short-sellers to complete their exodus.

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Look for volume on that move that registers near or above its three-month average action of 1,377,210 shares. If that breakout triggers, then PIR will set up to re-test or possibly take out its next major overhead resistance level at $25 a share. Keep in mind that any move above $21.24 will also push PIR into new 52-week high territory, which is bullish technical price action. From a technical perspective, AVNR is currently trending below both its 50-day and 200-day moving averages, which is bearish.

History shows that buying the market’s most hated big stocks can actually pay off in the long run. Over the last decade, buying the most hated and heavily shorted large and mid-cap stocks would have beaten the S&P 500 by 9.28% each and every year. With energy industry activity improving, related stocks have begun benefiting. As far as USWS being considered in the “short squeeze stock” category, most data shows a short float percentage of around 20%.

This is per the stock’s 3.72 million shares sold short, which account for a whopping 38.7% of its available float. However, the focus seems to be more on the FAMI stock price and short position. It’s currently trading below $0.30, and short float percentages are hovering around 38%. Given a focus on penny stocks under $1 and potential short squeeze stocks, FAMI could be one to watch. I would avoid CIEN or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below its 200-day moving average of $14.70 a share with high volume. If we get that action, then CIEN will set up to re-test or possibly take out its next major support levels at its 50-day of $13.73 and then more support at around $12.50 a share.

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The company focuses on sustainable healthy living and develops EHome communities. Other facets of the business focus on myriad industries all centered around technology. In more recent news the company was wearing its investing hat, so to speak. Alset took a larger stake in another penny stock building winning algorithmic trading systems company, Document Security Systems. “MEDS has a borrow fee rate of 50%, like the others, an elevated volume and price momentum. It’s short interest % float is just 9.35%,” Risenhoover said. “If this number climbs, it will indicate a higher scarcity of shares and could precipitate a squeeze.”

For example, GameStop’s short interest fell from a triple-digit percentage in mid-January to 22% by mid-March. Meanwhile, AMC Entertainment and Sundial have short interest of only 12% and 10%, respectively. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Reported $90.2 million in net loss compared to a net loss of $3.1 million in the same year-ago period.

$GRPN Ripe For A Short Squeeze

This progress has also earned the company some bullish attention from analysts. Aegis and Maxim have both gotten behind Enviric with Buy ratings this summer. As far as potential short squeezes go, ENVB stock is on the lower end of “high short interest stocks.” In this case, most data shows a short float percentage of around 14%. “Zte Corp’s ADR shares have a borrow fee rate of 37.5%,” Risenhoover said.

Look for volume on that move that hits near or above its three-month average action of 2,309,240 shares. If that breakout triggers, then JOY will set up to re-test or possibly take out its next major overhead resistance levels at $64 to $66.80 a share. Look for volume on that move that registers near or above its three-month average action of 3,423,520 shares. If that breakout hits, then CIEN will set up to re-test or possibly take out its next major overhead resistance levels at $22 to $24 a share. Three different times since May this stock has logged short-term price surges in excess of 40%. While all three of these moves eventually lost their momentum and fell back, these abrupt rallies suggest there’s at least a small faction of traders actively trying to spark a short squeeze…

With an opportunity to capitalize on this situation through its discounts and deals. Meanwhile, the holiday season is right around the corner, and while the current economic situation is hard for many consumers, they would look for deals and discounts for events or gifts for their families. just2trade minimum deposit Stock could be poised to run soon especially with the holiday season approaching. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider.

This is why I scan the market for heavily shorted stocks that are about to report earnings. You only need to find a few of these stocks in a year to help enhance your portfolio returns — the gains become so outsized in such a short time frame that your profits add up quickly. There’s a lot more chatter among retail traders, and that’s to be expected. Millions of new market participants have entered the ring looking to make money with penny stocks and blue chips. A risk-off mood entered the wider stock market on Monday as investors weighed the impact of COVID-19 variants on the global economic recovery.

• Then again, Wall Street foresees a quadrupling in sales between 2020 and 2023, which is nothing to sneeze at.
• To understand this, you’ll need to know what shorting is in the first place.
• During the last quarter, this company missed Wall Street estimates by 9 cents per share, after reporting a net income of $1.79 per share versus estimates of $1.90 a share.
• The company has worked on advancing things like its PreecludiaTM test to rule out preeclampsia in pregnant patients.

To benefit from this, the trader borrows shares from a broker, sells them, then hopes to repurchase them at a lower price later on to return the shares to the lender. The difference between the higher selling price and the lower buyback price is the profit. As of mid-March, 20.3 million shares were held short, representing 22% of the company’s float. More importantly, with an average daily trade volume of 5 million shares, it would take short-sellers four full days to exit their positions.

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And as you know the housing market is one of the first sectors to recover in a bull market. I would simply avoid AVNR if after its report the stock fails to trigger that breakout, and then drops back below some key near-term support at $2.50 a share with high volume. During the last quarter, this company missed Wall Street estimates by 9 cents per share, after reporting a net income of $1.79 per share versus estimates of $1.90 a share. This company has averaged year-over-year revenue growth of 31.3% over the last four quarters. Real-time analyst ratings, insider transactions, earnings data, and more. Largely being ignored by the stock’s bears is the fact that even with this expected slowdown shares are still arguably undervalued at 10.2 times next year’s anticipated profits.

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The other ingredient necessary for a short squeeze is a high days to cover, also known as short ratio. The longer it takes short-sellers to exit their positions, the more likely they are to feel trapped. Due to the exceptionally high daily trading volumes for GameStop, AMC, 4xcube and Sundial, short-sellers could easily exit their position in a matter of hours, should they choose to do so. Though short interest on JPM has declined since it peaked at a two-year high in mid-December, speculative players have once again turned to these bearish bets.