My first earnings short-squeeze trade idea is industrial equipment and rental player United Rentals (URI), which is set to release numbers on Tuesday after the market close. Wall Street analysts, on average, expect United Rentals to report revenue of $1.33 billion on earnings of $1.47 per share.
The current short interest as a percentage of the float for United Rental is very high at 12.5%. That means that out of the 92.36 million shares in the tradable float, 11.57 million shares are sold short by the bears. If the bulls get the earnings news they're looking for, then shares of URI could easily spike sharply higher post-earnings as the bears rush to cover some of their bets.
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