After AMC Stock's Surge, Are These 3 Companies Next For Short Squeezes?
It's been a wildly successful year for some retail investors. Stocks like AMC Entertainment and GameStop have skyrocketed higher because of short squeezes -- meaning that rising share prices have forced investors who've bet against the stocks to close out their positions by buying shares, creating even more upwards pressure on the share prices.
However, if an underlying business isn't actually growing, a short squeeze is often only a temporary catalyst. Over the long term, this could be the case for AMC and GameStop if their resurgent share prices don't eventually equate to business growth.
Three other stocks targeted by short-sellers that are growing, however, are CrowdStrike Holdings (NASDAQ: CRWD), Stitch Fix (NASDAQ: SFIX), and PubMatic (NASDAQ: PUBM). Here's why they could be next for a short squeeze.
Source Fool.com
