Short squeeze candidates
10/8/2024 03:16am
Given your interest in short squeeze candidates, we should focus on stocks with the following characteristics:
1. **High Short Interest**
- Short Interest > 20%
2. **Small Float**
- Float 5-Day Moving Average
- 5-Day Moving Average > 10-Day Moving Average
However, no results were found with these criteria. We should consider adjusting the criteria to refine the search.
**Alternative Approach**: Instead of focusing solely on short interest, we can consider stocks that have experienced a significant drop in short interest and are transitioning from being short-squeeze targets to fundamentally driven stocks. Examples include:
1. **Carvana (CVNA)**: Despite a significant drop in short interest, Carvana has seen a 223% year-to-date gain, indicating a successful turnaround and transition to a fundamentally driven stock.
2. **Affirm (AFRM)**: Affirm's short interest has dropped to 8.39%, suggesting that it may no longer be a short-squeeze target despite recent gains.
By examining stocks that have successfully transitioned away from short-squeeze targets or have seen significant drops in short interest, we can identify potential candidates for further analysis and potential investment opportunities.