5 Short Squeeze Candidates To Watch This Week: Cassava Sciences Tops List, GameStop Short Interest And Cost To Borrow Rise

Zinger Key Points
  • Vertex Energy ranks third on the Fintel short squeeze leaderboard, moving up nine positions for the week.
  • GameStop remains in the fifth place position on the leaderboard for the week, with 24.1% of the float short.

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 move up 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.

Here’s a look at Fintel’s top five short squeeze candidates for the week of June 6.

Cassava Sciences: No stranger to the short squeeze leaderboard, biotechnology company Cassava Sciences SAVA moves up 21 positions to top this week’s Fintel short squeeze candidates. Data shows 31.6% of the float is short and Cassava has a cost to borrow of 75.1%. Shares have traded between $15.72 and $146.16 over the last 52-weeks.

TherapeuticsMD: Drug development company TherapeuticsMD TXMD ranks second on this week’s leaderboard. The company, which as a focus on developing products targeted for women, has 17.7% of the float short and a cost to borrow of 75.9%. The company moved up seven positions to enter the top five short squeeze candidates.

Related Link: 5 Short Squeeze Candidates To Watch This Week: Redbox Tops List With Huge Numbers, GameStop Rejoins The Leaderboard 

Vertex Energy: Environmental services company Vertex Energy VTNR ranks third on the Fintel short squeeze leaderboard, moving up nine positions for the week. Data shows 26.5% of the float short and a cost to borrow of 21.8%.

Eos Energy Enterprises: Battery storage solutions company Eos Energy Enterprises EOSE announced a SPAC merger to go public back in September 2020. The company has seen shares trade between $1 and $21.80 over the last 52-weeks. Fintel data shows 29.7% of the float short and a cost to borrow of 20%.

GameStop Corp: Video game retailer GameStop Corp GME is no stranger to being a short squeeze candidate. The stock remains in the fifth place position on the leaderboard for the week with data showing 24.1% of the float short and a cost to borrow of 98.3%. Short interest and the cost to borrow are both up from last week’s 23.8% and 50% respectively. A continued increase in the short interest and cost to borrow could move GameStop further up the leaderboard.

Posted In: FintelFintel short squeezeShort Squeezeshort squeeze candidatesshorts squeeze ideasNewsPenny StocksSmall CapTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.