These NYSE Stocks Could Spike

Updated from 10:13 a.m. EDT

Many investors and traders believe that the stock market has hit bottom. If that is true, there are some interesting short-squeeze plays available on heavily shorted stocks.

A short squeeze takes place when a stock's short-sellers cover their positions quickly when good news boosts the price of the stock. This short-covering often drives the stock price even higher. The metric for measuring short-squeeze plays 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 average daily volume.

Stockpickr has come up with a list of heavily shorted stocks that trade on the New York Stock Exchange and compiled the NYSE Short-Squeeze Plays for August portfolio, which includes such names as Thor(THO Quote), Harry Winston(HWD Quote) and Sealy(ZZ Quote). ...