One of the more interesting phenomenon of the stock market is the short squeeze and in recent times, investors have been highly interested in stocks which may be in for such a move. If the short interest rises in a stock, investors sometimes decided to get into the stock and that pushes the price high. The gains in the stock hurt the short sellers and hence, they often rush to cover their positions. That sets off a vicious cycle and sends the stock climbing further. This article is going to provide you a quick look into three stocks which may be subject to a short squeeze.
Aravive Inc (NASDAQ: ARAV) – As the short interest in the Aravive stock keeps rising, it makes the stock a prime candidate for a possible short squeeze. Although it is true that the therapeutics company has managed to experience a bit of a bullish buzz due to fresh funding, the short interest remains strong.
On Monday, the stock had hit a new high for the month of October and the trading volumes went up as well. As per Fintel, the short interest in the Aravive stock remains at 38.31% and that is a fairly significant figure. Investors looking for short squeeze stocks could do well to keep an eye on Aravive.
Blue Apron Holdings (NYSE: APRN) – The packaged meals kits delivery company Blue Apron Holdings may be a stock worth tracking at this point considering the fact that it has been hovering in the $2 to $2.5 range in recent days.
The company is expected to announced its earnings results next month on November 7 and in the lead up to the period and after the stock may come into focus. Moreover, the short interest in the stock at this point in time remains at 38% and hence, some bullish tendencies may come to the fore if Blue Apron manages to deliver strong numbers.
Tattooed Chef (NASDAQ: TTCF) – Tattooed Chef had become a listed company after the original entity had undergone a merger with the special purpose acquisition company Forum Merger II Corporation back in 2020.
However, things have been rough for the stock and earlier on in the year it went into penny stock territory. Recently the company announced that it was going to announce the financial results for the 2021 fiscal year as well as for the first and second quarter of 2022. That has led to considerable buzz about the stock and with a 32% short interest it makes it a candidate for a short squeeze.