Short Squeeze Alert: Two Stocks Ready to Take Off
Buying stocks before a short squeeze can be an extremely profitable strategy. Traders who short a stock will eventually have to cover their short positions by buying back the stock, increasing demand and putting pressure on other short sellers. This can propel the stock price tenfold.
Here are two stocks that have a high potential to keep going in a short squeeze:
1. Marathon Digital Holdings (NASDAQ: MARA)
– MARA is a Bitcoin mining company and can be used as a Bitcoin proxy investment.
– 26% of floating shares are shorted, and if Bitcoin’s price rises, it is expected to push Marathon’s stock higher.
– Morningstar’s quantitative equity report places a fair value of $25.77 per share, indicating a potential 71% increase.
2. Beyond Meat Inc. (NASDAQ: BYND)
– BYND is a plant-based meat producer and the first plant-based meat-producing company to go public.
– 35% of floating shares are shorted.
– Morningstar’s analyst equity report has a fair value estimate of $25 per share, indicating a potential 70% increase.
Marathon has had a massive run this year, returning 343% to investors, while Beyond Meat has outperformed the S&P 500 with a 23% return year to date.
It’s important to note that investing is speculative and your capital is at risk.
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