Top NYSE Short-Squeeze Plays
Top tech stocks such as Research In Motion( RIMM) and Google (GOOG) - Get Alphabet Inc. Class C Report have been making strong moves lately. According to Jim Cramer, "These gravity-defiers must be killing the shorts." And Disney's (DIS) - Get Walt Disney Company Report stock spiked when the company released stronger earnings than expected, partially due to the fact that the shares were heavily shorted, said Cramer.
When short-sellers quickly buy in shares of stock to cover their positions, it creates what is called a short squeeze, rapidly moving the stock price up. The ratio for measuring short-squeeze opportunities is the short ratio, which is the number of days it would take the short-sellers to cover their positions based on recent average daily volume.
Stockpickr has combed through the list of stocks traded on the
New York Stock Exchange
and compiled a portfolio of the
TheStreet Recommends
.
To read more,
.
Stockpickr is a wholly owned subsidiary of TheStreet.com.
