Sweden has a disproportionately high number of stocks with elevated crowded and squeeze scores, spanning multiple industries. As the OMX rises, these scores increase, intensifying short squeeze risks. Several stocks, including SECUB, SHOT, and SSABB, recently experienced squeezes, while others remain in squeeze territory, with short interest declining.

While many European countries have only 1 or 2 companies with high squeeze or crowded scores, Sweden has many—around 10 or roughly 15% of its companies.

Stocks with high crowded and squeeze scores are not limited to a single sector but span across industries.

Adding to the crowded situation, the index is up 8.5% this month, which turns crowded scores into squeeze scores. The squeeze score combines the crowded score with recent returns.

Many of these stocks have a high percentage of their float shorted.

The table shows recent returns, crowded scores, squeeze scores, and changes in short positions.

Most of the stocks are becoming more crowded, though some remain stable.

For the stocks checked, squeezes occurred recently in SECUB, SHOT and SSABB and may have occurred or been partial in SINCH and NIBEB as the stocks are all in squeeze territory, the stocks were up, and the short interest was down.

These stocks continue to be in squeeze territory, and it is more likely if the stocks are up as the squeezes were not enough to change the basic situation.

No other European country has as many stocks as possible exhibiting extreme metrics for squeeze, crowded scores, short interest, or days to cover.

Squeeze scores will rise if the OMX increases and fall if the OMX declines.

Sweden stands out in Europe for its high number of stocks exhibiting extreme short-selling metrics. As the OMX continues its upward trend, crowded positions are turning into squeeze risks. While some stocks have already seen short squeezes, broader market movements will determine whether the pressure continues or shorts regain control.

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The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks, and merits, as well as the legal, tax, accounting, and investment consequences, of such decisions.