Potential short squeeze plays gained steam in 2021 and continued through 2022 with new traders looking for the next huge move.
High short interest and a high cost to borrow are among the common traits that could lead to a short squeeze.
Here’s a look at the top five short squeeze candidates this week based on the Fintel short squeeze leaderboard.
Related Link: What Is A Short Squeeze?
Unicycle Therapeutics Inc (NASDAQ: UNCY): Biotechnology company Unicycle moves up 37 positions on the leaderboard to rank first for the week. Data shows 39.6% of the float short and a cost to borrow of 241.1%. The stock got several analyst updates and price target increases in recent weeks on the heels of a funding round to help with the commercialization of lead drug Renazorb.
Kala Pharmaceuticals Inc (NASDAQ: KALA): Kala returns to the top five positions on the leaderboard with an 11-position jump for the week to rank second. Data shows 12.6% of the float short and a cost to borrow of 644.2%. Last week, the stock was 14.2% of …
