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FYI, NO FLAIR...because I'm not really sure what I've gotten myself into! This isn't DD nor a discussion...maybe a shitpost...who knows...we'll find out...I've been up all night, jacked up on addy, pulling together data and analyzing it...you can thank me later... Here's what I did...
- I pulled down the FINRA Short Interest Data for 12/13/2024 and imported into my database. I scrubbed it to get rid of unnecessary data (i.e. low volume stocks, low short interest %, low Days to Cover, etc.)
- I pulled down the daily FINRA Short Volume Data since 12/13/2024 (i.e. 12/16/2024 - 12/27/2024).
- After importing the Short Interest Data into my database, I rated it High, Med, Low based on short squeeze criteria. The "High" rating is "Days to Cover" are > 5, % of Shares Sold Short >= 10%, etc.
- I joined the "Short Interest Data" and "Short Volume Data" tables together, and summed the "Daily Total Short Volume"(12/16 - 12/27), then subtracted it from the initial "Short Interest" from 12/13/2024 to determine how much of the short interest might have already been covered.
- I calculated the remaining shares for each stock that haven't been covered by the existing daily short volume data, divided that value by the stocks Avg. Daily Volume to get a new, lemon-scented "Days to Cover" value.
- What I am left with is 104 stocks that have not had enough "Total Short Volume" to cover the initial "Short Interest" listed on 12/13/2024.
This first batch are low "Avg. Daily Volume" stocks...in a squeeze they would likely have a liquidity issue, which means trading would likely get halted, brokerages prevent any more buying (i.e. GME 2021). But there are several setup nicely to "SQUEEZE"!
HUGE SQUEEZE POTENTIAL...BUT YOU MAY GET GME'd ALA 2021...
Not your thing? Not liquid enough? Not enough Daily Volume? No problem...Here's a batch with Avg. Daily Volume over 1M, 10-15 Days to Cover and "New Short Interest %" Over 10%
SOME SAFER BETS FOR BETTER LIQUIDITY...
I jumped on a trade yesterday (12/27) on "REKR" and made a decent 35% profit, so I'll be looking at targeting some of these next week.
Happy Trading, watch your indicators, and go make some money so you can stop bumming cigs of your wife's boyfriend!
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