Author:
Leon Gross, Director of Research
South Korea EV Battery Stocks Propel Actual Squeezes, Ongoing High Squeeze Risk.
Several South Korean battery stocks linked to electric vehicles saw strong gains this week. Short interest levels were not high, meaning these stocks were not heavily shorted and remain relatively uncrowded.
In three of the four stocks, short interest dropped as prices rose — a sign of a short squeeze. All four have squeeze scores above 90, suggesting continued risk of further squeezes.
Ecopro BM (247540 KS) Gained 31%. Short interest fell 11%. Squeeze Score: 98 — Squeezed. Makes high-nickel cathode materials for EV batteries and energy storage.
Ecopro Co Ltd (086520 KS) Gained 73%. Short interest fell 17%. Squeeze Score: 100 — Squeezed. Focuses on environmental services, battery recycling; owns part of Ecopro BM.
POSCO Future M (003670 KS) Gained 17%. Short interest fell 11%. Squeeze Score: 85 — Squeezed. Produces battery materials and refractory products for POSCO’s EV supply chain.
L&F Co (066970 KS) Gained 41%. Short interest rose 7%. Squeeze Score: 95 — No Squeeze. Develops cathode materials for EVs, IT devices, and energy storage
Stocks in Japan went up, but not as much — and they weren’t heavily shorted, so no squeeze happened.
Taiwanese stocks had smaller gains than South Korea, with no signs of a squeeze story.
U.S. EV and battery stocks didn’t show the same kind of performance.
This looks like a South Korea-specific trend, with strong rallies and short interest drops but not enough to eliminate Squeeze risk.
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