Financially, Shaw is in good shape, after working hard to reduce its debt load shore up its finances. The fact that the Shaw family owns a substantial stake in the firm means that the firm's incentives are well lined up with those of shareholders. Shaw's Q1 earnings date on January 7 could be a big catalyst to squeeze the shorts.

To see this week's short squeezes in action, check out the of Large-Cap Short Squeezes portfolio on Stockpickr.

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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

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