Reddit short squeeze9/20/2023 ![]() ![]() Fuzzy Panda isn’t the only short seller that could get burned by a short squeeze. The stock took a hit in December 2022 after short seller Fuzzy Panda Research said Fisker is facing liquidity issues, which Fisker subsequently denied. After trading as high as $31.96 during the peak of the Reddit trading craze in early 2021, Fisker shares have dropped all the way back down to close at $6.88 on Jan. Yet another EV stock that short sellers have successfully targeted as of late is Fisker, which went public via SPAC merger in October 2020 at a price of about $9. Ortex estimates about 12% of the company’s float is currently held in short positions. Despite the stock’s terrible performance since going public, a short squeeze could send shares into orbit. 3, and have been a home run trade for short sellers. After opening at $8.52 on the day of its SPAC merger, Virgin Orbit shares have plummeted, closing at $1.79 on Jan. Virgin Orbit went public via a SPAC merger in December 2021. Virgin Orbit is the satellite-launching spinoff of Sir Richard Branson’s commercial space travel company Virgin Galactic Holdings Inc. Beyond Meat’s short interest is now 39% of its float, the highest short interest of any stock on this list. ![]() Beyond Meat investors were once betting on a growth stock with a massive addressable market, but short sellers see an unprofitable company with negative growth in an increasingly competitive environment. 3, and short sellers smell blood in the water. The stock is down nearly 81% over the past year as of market close on Jan. Third-quarter revenue was also down 22.5%. In October, Beyond Meat announced a 19% reduction of its workforce and dropped its full-year sales guidance by 16.6%. Plant-based protein company Beyond Meat had a disastrous 2021, and things went from bad to worse in 2022. Stronghold’s short interest has grown to about 27% of its float. 2, 2021 but have since dropped to less than 45 cents. Company shares peaked at a closing price of $33.26 on Nov. Stronghold went public via an initial public offering in October 2021 during the cryptocurrency boom, but that boom turned to bust during 2022’s crypto winter. The company operates roughly 25,900 mining computers. Stronghold Digital Mining is a cryptocurrency mining company that mines Bitcoin (BTC). Nikola’s short interest is 29% of its float, according to Ortex. Nikola shares are down more than 85% in the past two years, but short sellers apparently see more downside ahead. In October 2022, Milton was found guilty of three counts of fraud for false statements he made while at the company. Nikola founder Trevor Milton left the company in September 2020, following allegations by short seller Hindenburg Research that Nikola was spreading “an ocean of lies” about its products. Ortex estimates about 35% of the company’s float is currently held in short positions, so any significant bounce could send short sellers running.Įlectric vehicle stocks have been battle grounds for short sellers in the past two years, and Nikola is one of the most controversial EV stocks of all. ![]() Sky Harbour’s float, or number of freely trading shares, is miniscule at just 10.2 million, creating the possibility for an extremely volatile short squeeze. SKYH shares surged from less than $6 in February 2022 to as high as $43.41 in March before sliding all the way back down to $2.55. Once the SPAC merger was completed, Sky Harbour took off like a rocket. ![]() Sky Harbour, which leases aviation hangars, went public in January 2022 via a merger with special-purpose acquisition company, or SPAC, Yellowstone Acquisition Company. Here are nine stocks primed for the next big short squeezes, according to Ortex Analytics. A short squeeze is a large, short-term spike in a stock’s share price that occurs when a significant number of short sellers are forced to buy shares and exit their positions all at once. In early 2021, groups of online stock traders on Reddit began orchestrating targeted buying campaigns in some of the market’s most heavily shorted stocks in an attempt to trigger short squeezes. Short squeezes have been among the most popular and controversial topics on Wall Street in the past couple of years. These stocks have the right conditions to trigger short squeezes. Business & Finance Click to expand menu. ![]()
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