What stocks look like they will short squeeze today?
6/17/2024 08:34pm
The stocks that are currently exhibiting signs of a potential short squeeze include:
1. **Danimer Scientific Inc. (DNMR)**:
- **Short Interest**: Danimer has a high percentage of its float held in short positions, with Ortex estimating 25% of its float is shorted.
- **Trading Volume**: Despite being non-compliant with NYSE's minimum share price requirement and not close to profitability, Danimer has seen a significant increase in trading volume, which could indicate a short squeeze.
2. **Lexicon Pharmaceuticals Inc. (LXRX)**:
- **Short Interest**: Approximately 24% of Lexicon's float is held in short positions, suggesting a high level of short interest.
- **Stock Performance**: Lexicon's stock price has already seen a significant increase, potentially due to optimism surrounding the launch of its diabetic peripheral neuropathic pain drug LX9211. This positive sentiment could contribute to a short squeeze.
3. **Beyond Meat Inc. (BYND)**:
- **Short Interest**: Beyond Meat has a high percentage of its float held in short positions, with Ortex estimating 41.21% of its float is shorted.
- **Stock Performance**: Despite a disastrous 2023, Beyond Meat's stock has seen a slight increase in trading volume, which could be a sign of a potential short squeeze.
It's important to note that while these stocks show signs of a short squeeze, there is no guarantee that one will actually occur. The decision to engage in a short squeeze is up to individual investors, and it's crucial to conduct thorough research and consider market conditions before participating in such a maneuver.