3 Short-Squeezes to Watch Tomorrow

A quick scan showed that 3 stocks are moving up by more than 5% on Monday which have short interests above 30%. The three names are tiny Globalstar, Inc.

along with Sodastream

and McEwen Mining

. Traders may want to watch these names into the close. If they can finish near their best levels of the session and open strong tomorrow, there could be more gains ahead as short-sellers rush to cover their bearish bets. Below, Benzinga takes a closer look at how these stocks are performing on Monday.

- This is a very thinly traded stock and the company only has a market cap of $145 million. On Monday, GSAT shares were last trading up 5.58% to $0.37. With around 38% of the stock's float sold short, any kind of bullish momentum could trigger a short-squeeze in the name. Furthermore, because of the stock's light average daily volume, any kind of short-covering could move prices skyward in a hurry.

- This heavily shorted stock has jumped 5.49% to $31.90 during Monday's trading session. With a short interest of nearly 61%, SODA is always a potential short-squeeze on any given day. Traders think that the company is another iteration of Green Mountain Coffee Roasters

, which has plunged 65% over the last 3 months, but shorting a stock with this high of a short interest is always risky business. Any kind of rally could accelerate quickly as bearish traders cover their positions.

- This name has jumped more than 9% on Monday and the intra-day trend has been straight up. The name has a massive short interest of over 57% and today's rally could gain momentum if short-sellers get nervous. In recent sessions, MUX has stabilized after recording a series of steep losses beginning in March.