59 stocks priced above $5 currently have over 30% of their float short. Four of them are setting up for a potential breakout.
A breakout in highly shorted names often leads to a squeeze as short sellers are forced to cover their positions. It is not unusual to see a 20-30%, even 50% one-week move in a highly shorted name, especially when its float is relatively small (under 25 million shares).
Here’s a weekly and a daily perspective of the four stocks.
