potential short press Games picked up momentum in 2021 and continued into 2022, with new retailers looking for the next big step.
Here’s a look at the top five short squeeze candidates based on the Fintel short squeeze leaderboard.
- TOP ships: tanker shipping company TOP ships SHARPEN first place on Fintel’s short squeeze leaderboard for the week. The company transports oil and liquid chemicals. Shares of the stock have surged from $2 in late September to over $7 in October. Shares are up 735% year-to-date in 2022. The data shows that 20.2% of the float is empty and the borrowing cost is 75.3%.
- Surge Pays: fintech company SurgePays Inc. SURGEON in second place in the rankings and wins a place of third place last week. The data shows that 56.4% of the float is empty and the borrowing cost is 8.9%. Short percentages remain at last week’s levels while borrowing costs edge up slightly.
- Greenwich Life Sciences: Clinical-stage biopharmaceutical company Greenwich Life Sciences GLSI ranks third on the leaderboard, down from first place last week. Data shows 27.5% of the float is short, up slightly from last week’s 27.4%. The cost of borrowing for shares rises to 11.6% earlier this week from 11.4% last week.
- Minerva Neuroscience: Clinical-stage biopharmaceutical company Minerva Neuroscience NERVE rejoins the leaderboard that it previously topped. The stock rose nine positions from the previous week to the number one spot. The data shows that 23.2% of the float is empty and the borrowing cost is 76.3%.
- weaver: Outdoor cooking company Weber Inc. WEBR moves up 19 spots to rank five of the week. The stock was recently highlighted by Benzinga as a stock that could re-enter the top five spots. The data shows that 48.9% of the float is empty and the borrowing cost is 32.2%.
Related link: Apple overtakes Tesla as the most trimmed stock — here’s why it matters and why it doesn’t
