Top NYSE Short-Squeeze Plays
Top tech stocks such as Research In Motion( RIMM) and Google (GOOG) - Get Report have been making strong moves lately. According to Jim Cramer, "These gravity-defiers must be killing the shorts." And Disney's (DIS) - Get 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.
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