We ran a poll on the Penny Stocks twitter asking what some of the top trends are for traders. One of the most popular happened to be short squeeze penny stocks. I’m sure that if you’ve participated in the stock market this year, you know what they are. Originally, companies like GameStop (NYSE: GME) and other meme stocks made “the short squeeze” a prominent focus. But for those trading stocks under $5, this trend is all too familiar, and today we look at some of the top penny stocks to watch with higher short interest.
Penny Stocks TL;DR Summary
- Penny stocks are volatile enough but short squeezes add to the action
- During a short squeeze, stock prices can experience explosive moves
- If you’re trading stocks and looking for a squeeze, the first step in finding names for your list is looking at short interest
- Today we look at some of the top penny stocks that fit this criteria
As far as trading stocks with high short interest, be ready for volatility. There’s no denying that this market phenomenon can trigger substantial price spikes. However, they can also lead to significant drops as well. There’s a reason why traders are short a stock, and it usually doesn’t have much to do with how successful the companies are. Regardless, you’re here to make money with penny stocks, so this list could give you some extra insight while you research.
Short Squeeze Penny Stocks
- Stran & Co Inc. (NASDAQ: STRN)
- SmileDirectClub Inc. (NASDAQ: SDC)
- FuelCell Energy Inc. (NASDAQ: FCEL)
- Creative Medical Technology Holding Co (NASDAQ: CELZ)
Short Squeeze Penny Stocks To Watch 1. Stran & Co Inc. (NASDAQ: STRN)
Stran & Co remains on our list of penny stocks with higher short interest. The company’s shares have been under pressure during the last few sessions while broader markets pulled back. The company’s focus remains on building its marketing business, and new deals have already started rolling in this month.
Recent STRN Stock News
This month Stran announced a new multi-year contract with “a large national healthcare company” in providing incentive products to drive consumer health behaviors of pregnant women and those suffering from hypertension. CEO Andy Shape expects this deal to drive “significant” annual revenue for the company along with the potential for expansion.
Is STRN A Short Squeeze Stock?
According to data from Fintel.IO, the short float percentage on STRN stock sits around 10.3%. It’s also much higher than it was just one month ago.
2. SmileDirectClub Inc. (NASDAQ: SDC)
SmileDirectClub has been under constant pressure for the last few months. Ever since missing its earnings, the oral care company has been unable to recover. Not only did it miss on earnings per share, but it also came up very short of sales expectations. So what has changed that might bring back some bullishness to SDC stock?
Recent SDC Stock News
A new partnership deal didn’t hurt this week….
Read More:pennystocks.com
