With growth stocks starting to rebound and lots of short interest across the board I'm thinking we could see a few more short squeezes in the coming weeks.
I would never buy a stock on this basis alone but it's still something worth watching and tracking.
What are some companies with strong underlying stories, strong fundamentals and/or reasonable valuation with high short interest that you think could be setting up for a short squeeze?
I'll go first: $DMTK 🚀
I love this company and short interest appears to be around 30%.
In full disclosure, I own $DMTK equity and $DMTK call options.
I believe we're going to get several more big insurance announcements in the near future plus we get the launch of Luminate later this year and Carcinome in 2022.
$DMTK is trying to save lives!!!!
Another stock that I own and still like with high short interest is $ATER -- revenues are growing 95-100% YoY with 54% gross margins, enterprise value of approximately $620M with $35M of EBITDA so under 18x EBITDA with great growth and plenty of ecommerce M&A in the pipeline.
👀 🤐 🚀
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I think everyone on Twitter knows that I love @CelsiusOfficial the product and $CELH the stock so I'm talking my book here but figured I would share some data that I'm seeing.
I've been running numbers for $CELH and I’m getting even more bullish…
Nielsen scan data for $CELH in Q1 was around 100% YoY and that’s exactly what they reported for US operations (101% YoY).
Nielsen data for April (Q2) was 200% YoY growth so we could be looking at an epic blowout report in August because analyst estimates are still just $53M.
$53M in Q2 would be 76.7% YoY growth from 2020 Q2
If $CELH did 200% YoY for US operations (I’m expecting +180% for Q2 in US) and US was 78% of total revs in 2021 Q1 then we could be looking at 140-150% YoY for $CELH — this is not priced into $CELH
$FUTU should be a $175+ stock in the next few weeks based on these numbers.
To be honest $FUTU should be a $275+ stock in the next couple weeks based on these numbers but the fact this company is based in Hong Kong does hurt them.
We've already gotten two price target increases today for $UPST from Piper Sandler and JMP Securities but based on the image attached, we should see a few more very soon.