Getty Images, MoonLake And 3 Other Short Squeeze Candidates That May Soar This Week

Potential short squeeze plays gained steam in 2021 and have 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 based on the Fintel short squeeze leaderboard.

Getty Images GETY: The content creator and image marketplace moves up one position to top the leaderboard for the week. The company moved back into the top five candidates last week after ranking outside the top ten two weeks ago. The company, which went public via SPAC merger, has been a frequent short squeeze candidate. Data shows 111.6% of the float short, compared to 84.5% last week. The cost to borrow is a reported 250.1%, compared to last week’s 198.1%.

MoonLake Immunotherapeutics MLTX: The clinical stage biopharmaceutical company joins the top five candidates, moving up eight positions from last week. Data shows 19.4% of the float short and a cost to borrow of 28.4%.

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SurgePays Inc SURG: The fintech company moves up one position to third place for the week, continuing an upward move over the last two weeks. Data shows 70.1% of the float short, up from last week’s 63.9%. The cost to borrow is 7.9%, up from last week’s 7.1%.

Safe Harbor Holdings SHFS: The company, which went public via SPAC merger, offers compliance, monitoring and validation services to financial institutions that provide services to the cannabis industry. Safe Harbor moves up 455 positions to rank fourth on this week’s leaderboard. Data shows 12.9% of the float short and a cost to borrow of 162.4%.

Singing Machine Company MICS: The karaoke audio equipment company ranks fifth on the leaderboard, moving up one position from the prior week. Data shows 18.1% of the float short and a cost to borrow of 112.7%. The company previously topped the short squeeze leaderboard in July and August and has made frequent appearances as a short squeeze candidate.

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