Sometimes short sellers can be forced to exit short positions because of an upward movement in the price of the stock. This is referred to as a short squeeze. Interestingly, as a stock experiences a short squeeze, regular investors stand to gain from this sort of situation. With that said, short squeeze stocks hold massive potential for day traders who might be looking to make some quick cash by taking advantage of the price movements.
Stealth BioTherapeutics Corp (NASDAQ:MITO) stock has a percentage short float of just over 31%. By mid-day session, stock has gained by 14% to $1.65. After opening at $2.01, the stock has moved within a wide range of $1.6300 – 2.1000. Over the past 52-week, the stock moved within a range of $1.0600 – 2.5800. The stock has fallen 13% in the past quarter. The stock is trading 35% below its 52-week high and 57% higher from its 52-week low.
Xeris Pharmaceuticals Inc (NASDAQ:XERS) is another which could be a short-squeeze candidate as the stock has 30.86% short float. The stock has gained by 4.50% to $3.13 by mid-day on Wednesday. After opening at $3.00, the stock has moved within a wide range of $ 2.9600 – 3.1350. The stock has slumped 34% over the past six months. The stock is trading 61% below its 52-week high and 25% higher from its 52-week low.
PubMatic Inc (NASDAQ:PUBM) stock has a percentage short float of just about 46%. By mid-day session, stock has gained by 1% to $29.50 with more than 963K shares traded hands. Over the past 52-week, the stock moved within a range of $22.42 – 76.96. The stock has fallen 57% in the past quarter. The stock is trading 62% below its 52-week high and 31% higher from its 52-week low.
Allied Energy Corporation (OTCMKTS:AGYP) could be on your watchlist as the stock fallen from its peak in February and the stock has a decent-sized short position reported by the OTCshortreport, any sort of momentum could result in a squeeze bringing the company back to its highs.
