Top NYSE Short-Squeeze Plays
Updated from 9:45 a.m. EDT
One potential way to make a swift gain on a stock is through a short-squeeze play. A short squeeze takes place when a stock's price rises on good news and the stock's short-sellers scramble to cover their bearish positions. This short-covering, in turn, drives the price of the stock even higher.
The ratio for measuring a short-squeeze play is the short ratio, which represents the number of days it would take a stock's short-sellers to cover their positions based on the stock's recent trading volume.
Stockpickr has combed through the heavily shorted stocks on the New York Stock Exchange and compiled the Top NYSE Short Squeeze Plays portfolio.One of the stocks with a high short ratio is Marine Products (MPX), the recreational fiberglass powerboats manufacturer, which has a short ratio of 53.2. The company just announced that its first-quarter earnings increased by 5% primarily due to a lower tax rate. The stock has a P/E of 17, a PEG of 2.39 and a yield of 3.3%.
Get Shrewd, Get Filthy Rich
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV