Benzinga
Published May 22, 2023 16:48
Updated May 22, 2023 18:10
10 Short Squeeze Stocks To Watch: Toro Corp, Greenidge Generation, Getty Images And More
Benzinga - Potential short squeeze plays gained steam in 2021, continued throughout 2022, and remain a focus of new 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.
1. Toro Corp (NASDAQ: TORO): The energy transportation company ranks first on the leaderboard for a third straight week. Data shows 70.6% of the float short, in line with last week’s figure. The cost to borrow on shares has dropped to 24.4%, down from last week’s 27.4%.
2. Greenidge Generation Holdings (NASDAQ: GREE): The cryptocurrency data center and power generation company is climbing the leaderboard, moving up 605 places to rank second for the week. Data shows 60.6% of the float short and a cost to borrow of 11.5%. The stock is down over 90% in the last year. Greenidge merged with Support.com in 2021.
3. AirSculpt Technologies (NASDAQ: AIRS): The body contouring company moves up one position to rank third for the week. Data shows 46.9% of the float short, in line with last week’s figure. The cost to borrow on shares is 14.2%, up from last week’s 5.8%.
4. MoonLake Immunotherapeutics (NASDAQ: MLTX): The biopharmaceutical company moves up one position to rank in fourth for the week. Data shows 61.5% of the float short, up from last week’s 38.4% reported. The cost to borrow on shares is 10.6%, in line with last week’s figure.
5. Getty Images Holdings (NYSE: GETY): The image marketplace and content creator company Getty Images ranks fifth, dropping two places. The company previously topped the leaderboard for four straight weeks earlier this year before dropping a couple positions and at one point moving out of the top five. Data shows 225.5% of the float short and a cost to borrow of 94.1%, with both figures ranking among the highest on the leaderboard.
Related Link: What Is A Short Squeeze?
Stocks to Watch: Outside the top five short squeeze candidates, several other names are making big moves and could be ones to watch for investors.
Photo via Shutterstock.
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