What stock is most likely to short squeeze this week,m
6/17/2024 08:48am
The stock most likely to experience a short squeeze this week, based on the provided data, is RILY (B. Riley Financial Inc.). Here's why:
1. **High Short Interest**: RILY has a high short interest ratio, with 9,026,850 shares shorted as of April 30, 2024. This indicates a significant amount of short interest, which is a key factor in a potential short squeeze.
|Ticker|Name|Interest Expenses on Short-term Debt|Date|code|market_code|
|---|---|---|---|---|---|
|RILY.O|B. Riley Financial||2022 Q2|RILY|185|
|RILY.O|B. Riley Financial||2022 Q3|RILY|185|
|RILY.O|B. Riley Financial|0|2022 Q4|RILY|185|
|RILY.O|B. Riley Financial||2023 Q1|RILY|185|
|RILY.O|B. Riley Financial||2023 Q2|RILY|185|
|RILY.O|B. Riley Financial||2023 Q3|RILY|185|
|RILY.O|B. Riley Financial|0|2023 Q4|RILY|185|
|RILY.O|B. Riley Financial||2024 Q1|RILY|185|
2. **Price Sensitivity to Shorting**: The stock's price change of -2.14% on the previous day and a 63.08% year-to-date change suggests that the stock is volatile and could be influenced by short squeezes, as such events often occur in highly volatile stocks.
3. **Market Capitalization and Float**: RILY has a market capitalization of $16.01 billion and a float of 16,011,125 shares. While it is not the smallest float, it is not an exceptionally large market capitalization either, which can make it more susceptible to short squeezes compared to larger, more stable stocks.
4. **Recent Performance**: The stock has experienced a significant increase in price, which could be a result of market activity or company-specific news. This increase may create a situation where short sellers are looking to cover their positions, potentially leading to a short squeeze.
5. **Short Squeeze Indicator**: RILY's beta of 1.86 indicates that it is more volatile than the market, which is another factor that could contribute to a short squeeze.
In conclusion, RILY appears to be the most likely candidate for a short squeeze this week, based on the provided data. However, it's important to note that short squeezes can be unpredictable and are subject to market dynamics that may not be fully captured by the data. Investors should conduct their own research and consider additional factors before making investment decisions.