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10 Short Squeeze Stocks To Watch: Getty Images, Blue Apron, T Stamp, Black Rifle Coffee And More

Published 28/08/2023, 15:45
Updated 28/08/2023, 17:10
© Reuters. 10 Short Squeeze Stocks To Watch: Getty Images, Blue Apron, T Stamp, Black Rifle Coffee And More

Benzinga - by Chris Katje, Benzinga Staff Writer.

Potential short squeeze plays gained steam in 2021, continued throughout 2022, and remain a new focus of traders looking for the next huge move.

High short interest and steep borrowing costs are among the common traits that could lead to a short squeeze.

Here’s a look at the top five short squeeze candidates and several stocks to watch this week based on the Fintel short squeeze leaderboard.

  • Getty Images Holdings (NYSE: GETY) moves up to first place for the week, gaining four positions from last week’s report and ranking fifth for two straight weeks. Data shows 144.3% of the float short, down from last week’s 183.5% reported. The cost to borrow on shares is 63.7%, up from last week’s 60.8% reported. Since going public via a SPAC merger, the content creator and image marketplace company has been a popular short squeeze target, previously topping this list.
  • Blue Apron Holdings (NYSE: APRN) drops one position to second place, a move that comes after the meal delivery company topped the short squeeze leaderboard for two straight weeks. Data shows 31.3% of the float short, down from last week’s 33.2%. The cost to borrow on shares is 73.1%, down from last week’s 86.3%. The company has been a popular short-squeeze candidate in recent years.
  • VistaGen Therapeutics (NASDAQ: VTGN) moves up 21 positions from last week to rank third on the leaderboard. Shares of the biotechnology company are up over 190% in the last month. Data shows 16.6% of the float short and a cost to borrow of 74.2%.
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  • T-Stamp Inc (NASDAQ: IDAI) makes one of the biggest moves among top short squeeze candidates in recent months, moving up 2,541 positions. Data shows 12.7% of the float short and a cost to borrow of 621.9%, which is the second highest among stocks tracked. The global provider of AI-powered identity services was previously on the Benzinga ‘Stock Whisper’ Index with increased interest from traders.
  • Ocean Biomedical Inc (NASDAQ: OCEA) moves up 10 positions on the leaderboard to rank fifth for the week. Data shows 17.3% of the float short and a cost to borrow of 63.9%.

    • Stocks to Watch: Outside the top five short-squeeze candidates, several other names are making big moves. Here are five stocks rising on the charts with significant short percentages or borrowing costs.

  • Grove Collaborative Holdings (NYSE: GROV) moves up 21 positions to rank sixth for the week. Data shows 14.7% of the float short and a cost to borrow of 24.5%.
  • Jupiter Wellness Inc (NASDAQ: JUPW) moves up 11 positions to rank seventh for the week. Data shows 14.5% of the float short and a cost to borrow of 104.5%.
  • AirSculpt Technologies (NASDAQ: AIRS) ranks fourteenth for the week, moving up eight positions. Data shows 22.9% of the float short and a cost to borrow of 15.2%. The stock has previously been among the top short squeeze candidates earlier this year.
  • VCI Global Limited (NASDAQ: VCIG) ranks 18th on the leaderboard, moving up three positions. Data shows 5.3% of the float short. The cost to borrow on shares of 404.5% ranks fourth of all stocks tracked. The stock was mentioned in the latest Benzinga “Stock Whisper” Index report.
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  • BRC Inc (NYSE: BRCC) ranks 23rd on the leaderboard, moving up 45 positions. Data shows 38.6% of the float short and a cost to borrow of 7.8%. The company, also known as Black Rifle Coffee, went public via SPAC merger and has seen connections to several politicians.

    • Image: Pixabay

    © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    Read the original article on Benzinga

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