Author:
S3 Research Team
EBAY’s short interest has doubled, pushing the stock toward potential squeeze territory. Other names like ALB and CHTR show high squeeze scores, though they may not follow the typical pattern. We used our Black APP on the Bloomberg Terminal {APPS BLACK<GO>} and available market data to do the analysis.
Short interest has doubled rising, regardless of how it is measured—whether in shares, notional value, or percentage of float shorted.
The stock has moved from the $50 to the $100 range with shorting along the way.
The squeeze risk is generally aligned with the crowded score, though occasionally the squeeze risk can surpass the crowded score as the stock rallies.
The stock does not have abnormal borrow cost.
The squeeze risk is currently at 65, with 70 being the key level.
The stock is up 50% year-to-date (YTD).
EBAY could be entering potential squeeze territory if the stock continues to rally.
Other stocks with high squeeze scores include ALB, CHTR, CCL, IP, WBD, and FDS. However, each of these stocks has specific reasons why they may not be classic squeeze candidates.
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