Updated from 1:11 p.m. EST
If you were watching the
on Thursday, you would have noticed that
, which trades on the
, was up by almost 9.5 points, an increase of more than 23% in just one day.
This was likely due to a short squeeze. The stock has 16% of its shares shorted, and when the company's fourth-quarter earnings beat analysts' estimates, short-sellers scrambled to cover their positions, driving the stock much higher.
There are also plenty of
). Short-squeeze opportunities are measured by 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.
To read more,
In Monday trading, USEC closed at $5.30 per share (up 18% year-to-date).
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