Top NYSE Short-Squeeze Plays

With the recent large market drops, short-squeeze plays abound.

A short squeeze takes place when a stock's short-sellers must move quickly to cover their bearish bets as the stock moves sharply upward, generally on good news. A stock's short position is measured by the short ratio, which is the number of days it would take for the short-sellers to cover their positions based on the recent daily volume of the stock.

Stockpickr has compiled a list of 10 NYSE-traded stocks that currently have the highest short ratios in the Top NYSE Short-Squeeze Stocks for the Week.

One of the stocks with the highest short ratios is Clear Channel Outdoor(CCO Quote), which sports a short ratio of 44. Independent News & Media recently agreed to buy Clear Channel's 50% interest in Clear Channel Independent, Africa's largest outdoor advertising company. In addition, Clear Channel has set up a deal to run FBI mug shots on its digital billboards. The company has a price-to-earnings (P/E) ratio of 41 and a P/E-to-growth (PEG) ratio of 2.2. ...