By Eli, Jimmy
A short squeeze is an unusual condition that triggers rapidly rising prices in a stock. For a short squeeze to occur the shares must have an unusual degree of short-sellers holding positions in it. The short squeeze begins when the price jumps higher unexpectedly. The condition plays out as a significant measure of the short sellers coincidentally decide to cut losses and exit their positions.
The following report is noteworthy changes in short interest that related to a specific stock. By tracking this market data, traders can create strategies that capitalize on this often overlooked information.
AMC, GME short interest diverges
AMC remained firmly entrenched as the focal point of the WSB community, leading the "mem stocks" with a 42% rally in the five-day trading period covered, even though its estimated short interest ticked higher by 2% points to 13.6%. By contrast, estimated short position in GME was down 4% points even though the stock was up 1.5% in the five-day trading period covered. Days to cover ratios in the two "original" meme names were little changed at 0.6 and 0.9.
FUV short interest hits all-time high
FUV continued to build from its February plateau, rising every day last week for an overall five-day increase of 9% to 48%. Short positioning in the name has reached its highest level on record, with days to cover also increased by 23%. Shares of FUV were up 4.6% in the five-day trading period covered.
WKHS short interest hits new multi-year high
WKHS also remained in the spotlight of the Reddit WSB board as one of the top ten names in terms of message volume this week, though the stock has consolidated its June gains with a 4.1% slide in the five-day trading period covered. The short interest in the name continued to build, however, rising 8% to 60% while its days to cover increased 12% to 3.9. Estimated short position in WHKS at a new multi-year high.
FIZZ short interest bounces from a 2-month low
Estimated short interest in FIZZ declined to a 2-month low of 16.6% early last week before building again into the weekend and every day of this week. Short positioning in the name was up 4% overall to 23.3%, with days to cover also rising about 33% to 3.9. Shares of FIZZ were down 2.5% in the five-day trading period covered.
EYES short interest approaching a 3-month high
Estimated short interest in EYES increased 6% to 20.8%, rising in three of the past five trading days while approaching a 3-month high of just over 21%. Likewise, the days to cover ratio in the name was up 77% to 0.8. Shares of EYES were up 11.5% in the five-day trading period covered.
Notable bettings toward broader market indices ETF on 6/18
Individuals breakdown by sectors (6/18 notable bets)
Tech
Industrial
Consumer Cyclical
Financial
Communication Services
Healthcare
Energy
Basic materials
Consumer Defensive
Utilities
Real Estate
