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These 5 stocks are prime candidates for an explosive AMC-style short squeeze right now, according to data from Fintel.io

AMC stockIgor Golovniov/SOPA Images/LightRocket via Getty Images

Summary List Placement

Shares in meme-stock favorite AMC have seen some explosive price moves in the past few weeks and traders are constantly on the look-out for the next big stock to short. Researcher Fintel.io has come up with a shortlist of five candidates that look ripe for a squeeze this week. 

The company has developed an algorithm that provides investors and traders with data to help quantify the short squeeze risk for a particular company. The model takes into account a number of factors that contribute to short squeezes, including relative short interest, borrow fee rates, trading volume, among others. 

A lot of the recent short-squeezes emerged on social media, with Reddit's WallStreetBets forum at the heart of a number of big rallies in the shares of companies that, in some cases, were little more than penny stocks. Movie chain AMC, video retailer GameStop, mobile device maker BlackBerry and even Finnish cellphone maker Nokia have all taken the limelight with sudden bursts higher, as retail investors banded together to drive up those prices and force anyone betting against them to buy back those positions - the definition of a short squeeze.

Many recent stocks that have been pumped higher by social media-savvy traders have been far more under the radar. The trick is to try to identify those names before they are shot towards multi-year, or even all-time, highs.   

Fintel.io lists a series of existing meme stocks along with some little-known names that boast hefty short interest and could be prone to big rallies: 

OrphazymeBusiness Insider

Ticker: ORPH

The small Denmark-based biotechnology company saw its stock surge last week by as much as 1,387% following attention on Reddit's Wall Street Bets forum.

With about 450 mentions, it was the eighth most-mentioned company on the subreddit last Thursday, according to data from Quiver Quantitative.

Shares in Orphazyme tumbled in regular European market hours on Monday, falling by 11% on the Copenhagen equity market. They changed hands for as little as $4.82 in early June, having virtually halved in value since March. Then in the space of a day, they shot up, peaking at $21.00 a share on June 10. At market close on Friday, US-listed shares were trading at $9.33, having lost almost 60% in one session.



BriaCell Therapeutics Corp.Business Insider

Ticker: BCTX

The company is a breast cancer immunotherapy biotech researcher and developer. Shares have seen massive swings this year, but have been back near annual highs in the last few weeks of June, reaching $6.18 a share on June 2nd. Shares have remained relatively stable since then. At market close on Friday, shares were trading at $5.72.



Washington Prime Group Inc.Business Insider

Ticker: WPG

The company operates as a real estate investment trust that focuses primarily on the United States market. It owns, acquires and develops shopping centers. Shares took a slump in March 4th of this year, trading at $4.84. They then experienced a steep rebound in late May, peaking at $6.73. At market close on Friday, shares were trading at $4.83.



GTT Communications Inc.Business Insider

Ticker: GTT

GTT Communications offers telecommunications services. Rather than owning the infrastructure over which the services are provided, GTT focuses on designing and integrating data transfers and offering access to network solutions for its vendor partners. 

Shares were steadily declining this year following following a high around $8.29 in June 2020. They later experienced a modest recovery on June 1, 2021. At market close on Friday, shares were trading at $2.51.



RA Medical Systems Inc.Business Insider

Ticker: RMED

RA Medical Systems Inc. designs, develops and produces medical devices. The company offers excimer lasers for the treatment of dermatologic and cardiovascular disesases primarily for the US market. 

Shares peaked at around $15 a share in June of last year, but have been falling since then. Then on May 28th, they starting gaining momentum again. At market close on Friday, shares closed at $5.95.



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