Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.

A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy back the shares they initially borrowed at a higher price.

A squeeze can occur when short sellers are forced into buying to cover their position, which can cause shares to go much higher on many occasions.

Fintel Data: Data from Fintel, which requires a subscription, provides a look at several of the top shorted stocks and data on how likely a short squeeze is to occur.

MDJM: Real estate service company MDJM (NASDAQ:MDJH) ranks second for the week for a potential short squeeze. Short interest was up 74,000% in last month’s report. Over 28% of the float is shorted, and the stock has a cost to borrow on shares of 145%.

Related Link: How To Make Money On A Short Squeeze 

Blink Charging: Electric vehicle charging infrastructure company Blink Charging Co (NASDAQ:BLNK) has 41.9% of its float shorted. This ranks among the highest percentages of floats short for the week, according to Fintel. The cost to borrow on Blink shares is 67.6%

HOOKIPA Pharma: Clinical stage biopharmaceutical company HOOKIPA Pharma Inc (NASDAQ:HOOK) ranks fifth on the short squeeze leaderboard for the week. Fintel shows 13% of the float short and a cost to borrow of 53.1%.