Updated from 9:26 a.m. EDT
With all of the recent volatility in the stock market and with oil selling above $100 a barrel, now seems like an excellent time to look at short-squeeze plays among the independent oil and gas stocks.
A short squeeze takes place when, usually on positive news, short-sellers scramble to cover their bearish positions as the stock rises; as the shorts buy in, the stock often rises even more sharply. The primary metric for short squeezes is the short ratio, which is the number of days it would take for a stock's short-sellers to cover their short positions, based on the stock's recent average daily trading volume.
Stockpickr has compiled a list of the sector's most heavily shorted stocks in the Independent Oil and Gas Short-Squeeze Plays. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
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|
DOWN
18.90
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UP
0.38
|
UP
9.22
|
UP
0.48
|
10 Yr
3.32%
SPDR Gold
119.18
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|
-0.18%
|
+0.03%
|
+0.42%
|
+1.47%
|
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