Today's Scan: 5 Candidates For An Upcoming Short Squeeze based on their Days To Cover Ratio

The Days To Cover ratio looks at the number of days necessary to buy back the short interest of a stock based on its average daily volume. For example, if a stock has a short interest of 10,000,000 shares and the average daily volume is 1,000,000, then the Days To Cover ratio would be 10. Stocks with a large Days To Cover ratio have the potential for explosive bullish moves as buyers scramble to cover their shorts. This is often referred to as a "short squeeze". The five stocks below have potential for an upcoming short squeeze. First, all the stocks have a Days to Cover ratio over 22 days. Second, all are trading in the bottom 33% of their one year range, so most short sellers are profitable on their positions. Third, and most important, all the stocks are in the upper 70% of their 5 day range on heavier than usual volume. Could this be the start of a short squeeze? 1. Titan International Inc.

: The manufacturer of wheels and tires has a Days To Cover ratio of 24 days. 2. Garmin Ltd.

: The GPS company has a Days To Cover ratio of 24. 3. Westport Innovations Inc.:

: The designer of engines and alternative fuel systems has a Days To Cover ratio of 25 days. 4. Amkor Technology Inc.

: The semiconductor packaging and testing firm has a Days To Cover ratio of 23 5. Wipro Ltd.

: Wipro provides IT products and services throughout the world. The Days To Cover ratio is 22 days.