Major Bank Short-Squeeze Plays

Updated from 7:01 a.m. EDT

The huge drop in the stock market has created significant short-squeeze opportunities, especially in the financial stock arena.

A short squeeze takes place when a stock's short-sellers scramble to cover their bearish positions when that stock moves sharply upward; their buying ends up pushing shares even higher. Short positions of stocks are measured by the short-squeeze ratio, which represents the number of days it would take for the short-sellers to cover their positions based on the recent daily volume of the stock.

This week, Stockpickr has compiled a list of the top money center bank short-squeeze plays, including Toronto Dominion(TD Quote), SunTrust Banks(STI Quote) and PNC Financial Services(PNC Quote). ...