Updated from 6:13 a.m. EST
The market's recent volatility has sent a lot of technology stocks significantly lower in the past month. That downward pressure creates the possibility of a bounce higher, especially with the stocks that have been heavily shorted.
When heavily shorted stocks are met with positive news, a short squeeze can take place. As the stock price drives higher, short-sellers are forced to cover their bearish positions. Short-squeeze potential is measured by the short ratio, which is the number of days it would take the short-sellers to cover their positions, based on the stock's recent daily trading volume.
Stockpickr has put together Top Technology Short Squeezes, a list of 10 potential short-squeeze plays in the sector. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,314.99 | 1,093.86 | 2,178.43 | 34.23 |
Oil *
72.60
|
|
UP
29.02
|
UP
1.93
|
UP
5.44
|
UP
0.31
|
10 Yr
3.42%
SPDR Gold
110.31
|
|
+0.28%
|
+0.18%
|
+0.25%
|
+0.91%
|
Data delayed 20 minutes |
Connect with TheStreet