Top 10 Short-Squeeze Stock Plays Under $10

Another stock on the 10 Below $10 list is Sally Beauty Holdings(SBH Quote), a worldwide distributor of professional beauty supplies that sells for roughly $8.50 a share. The company has a market cap of some $1.5 billion and a short ratio of 15. The stock has a P/E of 25 and a PEG of 1.4.

Sally Beauty appears in the Barron's Roundtable: Oscar Schafer portfolio, which lists the stocks that the managing partner of O.S.S. Capital Management considered undervalued back in the Jan. 29 issue of Barron's. Other stocks that he considered undervalued were Avis Budget Group(CAR Quote), with a short ratio of 3.4, and Complete Production Services(CPX Quote), with a short ratio of 5.

Yet another stock below $10 on the list is Ixia(XXIA Quote), an Internet protocol testing service provider that allows testing and measurement of the performance of IP equipment and networks. The company recently hired Atul Bhatnagar, formerly vice president of Nortel's(NT Quote) enterprise data networks division, to serve as president and chief operating officer. The stock sells for less than $9.50 and carries a short ratio of 10.

To see the rest of the stocks on the list, check out the Top 10 Short Squeeze Stocks that trade under $10, have PEG ratios less than 2.75 and market caps greater than $300 million at Stockpickr.com.