5 More Potential Short Squeeze Stocks to Watch
Meme stocks and potential short squeeze stocks have made investors rich this year but you have to find the next meme stock before that first day bounce. That means knowing what to watch and putting together a list of short squeeze stocks that could be next to boom higher.
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In this video, I’ll start by showing you how to create a list of stocks that could be the next short squeeze targets. We’ll look at what goes into a short squeeze and how to find these by screening for stocks with more than 15% of the share float shorted. I’ll then show you how to narrow your list to zero in on the next meme stocks.
We start by filtering for stocks with at least 15% of the share float shorted and preferably those with at least 20% shorted. That means at least one-in-five shares available for investing are borrowed to sell short and those short sellers will have to buy back in if there’s a squeeze. Understand though, this isn’t the same as shares outstanding. Share float is the number of shares not held by insiders or those unlikely to trade.
I’m also narrowing our list to those stocks trading in the $1 to $10 price range because that’s where it seems a lot of these meme stocks have started. It’s a little arbitrary but retail investors like the lower-priced stocks so that’s where you want to look for potential short squeeze targets.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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