Here’s a look at Fintel’s top five short squeeze candidates for the week of June 27.
Movie rental and streaming company Redbox Entertainment (NASDAQ:RDBX) tops the short squeeze leaderboard. No stranger to the top five positions, Redbox was not in last week’s top five candidates and rejoins the leaderboard in first place. Data from Fintel shows 103.5% of the float short and a cost to borrow of 1,004.8%, one of the highest on record. Redbox is being acquired by Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) in a deal that currently values the company at 68 cents versus a current share price of $9.31.

Revlon: Cosmetics company Revlon Inc (NYSE:REV) ranks third on the leaderboard for the week after topping the list last week. Data from Fintel shows 37.3% of the float short, in line with last week’s total. The cost to borrow on shares is 300.4%, an increase from last week’s 171.8%. The company declared bankruptcy last week and has been a popular trading idea for investors, with the potential of another company rescuing Revlon have kept shares from going to $0.

MSP Recovery Inc: Healthcare recoveries and data analytics company MSP Recovery Inc (NASDAQ:MSPR) joins the leaderboard, ranking fourth. Data from Fintel shows 27.6% of the float short and a cost to borrow of 53.1%. The company went public via SPAC merger and saw shares fall immediately after the merger, with shares trading between $0.94 and $5.89 since changing to the new ticker and name.

Chicken Soup for the Soul Entertainment: Video-on-demand company Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) joins the top five short squeeze candidates, moving up eight positions to fifth place for the week. Data shows 24.9% of the float short and a cost to borrow of 62.5%. Benzinga highlighted the potential of the stock moving up the leaderboard recently with high short interest and a rising cost to borrow.