Here are the top 5 short squeeze stocks worth looking into: Eaglia Biotherapeutics, Toro Corp, AirSculpt, and more.
In 2021, there was a surge in potential short-squeeze dramas, continuing into 2022, with attention now focused on new players taking significant steps.
High short interest and heavy borrowing costs are among the common indicators that can trigger short squeezes in the short term.
Let’s take a closer look at the top five short-squeeze candidates and several other stocks based on the FinTel Short Squeeze Leaderboard this week.
- Toro Corp (TORO) holds the second spot on the Short Squeeze Leaderboard, consistently ranking high in recent weeks. According to the data, the float is 47.8% smaller, and the cost to borrow has increased to 25.7%, up from 20.3% in the previous week. Toro Corp had previously topped the leaderboard for several weeks and has remained in the top 10 consistently.
- Aeglia Biotherapeutics (EAGL) is currently leading the Short Squeeze Leaderboard, climbing 99 spots for the week. The clinical-stage biotech company’s shares have seen over 40% growth year over year in 2023. The float is 115.9% smaller, and the cost to borrow is 26.1%.
- AirSculpt Technologies (AIRS) has returned to the top five, gaining three positions from the previous week. The float is 33.6% smaller, slightly higher than the 33.5% from the previous week. The cost to borrow is 19.6%, up from 17.4% in the previous week. The stock has been a consistent short-squeeze candidate, previously ranking at the top of the Short Squeeze Leaderboard in May and June.
- Apollomics APLM has made the biggest jump on the leaderboard, climbing 4,166 spots to reach the top five this week. The company completed its SPAC merger earlier this year, leading to significant volatility in its shares as a new low-float listing. The float is 88.3% lower, and the cost to borrow is 715.9%, the highest in recent weeks.
- Greenidge Generation Holdings (GREE) has risen two spots to reach the fifth position on the leaderboard. The company, previously known as Support.com, is involved in electricity production and Bitcoin (BTC/USD) mining. The float is 11.2% smaller, and the cost to borrow is 108.7%.
Other Notable Stocks:
Guardforce AI (GFAI) has risen 35 places to the sixth position on the leaderboard. The float is 13.1% smaller, and the cost to borrow is 153.6%.
Rain Oncology (RAIN) has climbed 18 spots to reach the tenth position on the leaderboard. The float is 18.6% smaller, and the cost to borrow is 15.3%.
VCI Global (VCIG) has made a significant leap of 710 positions to secure the eleventh position for the week. The float is 10.5% smaller, and the cost to borrow is 394.6%, the highest among all stocks on the leaderboard.
Bullfrog AI Holdings (BRFG) has moved up five spots to reach the twelfth position for the week. The float is 16.5% smaller, and the cost to borrow is 330.1%, the sixth-highest on the leaderboard.
Kalā Pharmaceuticals (KALA), a familiar name on the Short Squeeze Leaderboard, previously ranked in the top five. This week, the stock has risen nine spots to reach the sixteenth position. The float is 10.8% smaller, and the cost to borrow is 257.8%.
Keep an eye on these short-squeeze stocks and other notable players to stay informed about potential market moves and opportunities. As always, exercise caution and perform thorough research before making any investment decisions. Happy investing