Many stocks were beaten down at the end of the year from tax-selling, causing many Nasdaq stocks to be depressed. Now that the tax-selling is over, short-sellers might start to scramble to cover their positions on any good news, which could create some short-squeeze opportunities.
A short squeeze takes place when short-sellers quickly cover their positions on optimistic reports, which can move the price of the stock up sharply. The metric for measuring short-squeeze opportunities is the short ratio, which is the number of days it would take the short-sellers to cover their position based on recent average daily volume.
Stockpickr has reviewed the heavily shorted Nasdaq stocks and came up with a list of the top Nasdaq short-squeeze plays.
To read more, visit Stockpickr.com....
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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