Overnight,$GameStop (GME.US)$und$AMC Entertainment (AMC.US)$It once again surged 60% and 32%. As of press time, the two companies were up 12.02% and 10.80%, respectively, in the premarket.
Both stocks have doubled their gains in the past two trading days. The crazy performance of all of these has shocked the senses, as if returning to the boom of the “retail market war on Wall Street” in 2021...
Vanda Research pointed out that during the MEME stock riots on Monday and Tuesday, retail investors played an important role in driving GME, AMC, and other MEME stocks higher. They believe that more retail traders will join this trend in the next few days, but the chances of reaching the level of 2021 are still relatively low.
However, right now, the entire US stock market is speculating who will be the next GME?
ZeroHedge lists all companies with a market capitalization of over $50 million and short positions of more than 30% in the Russell 3000 Index, including:
$SunPower (SPWR.US)$,$Bowlero (BOWL.US)$,$Children's Place (PLCE.US)$,$Biomea Fusion (BMEA.US)$,$B. Riley Financial (RILY.US)$,$NextNav (NN.US)$,$IGM Biosciences (IGMS.US)$,$Maxeon Solar Technologies (MAXN.US)$,$Zentalis Pharmaceuticals (ZNTL.US)$,$CompoSecure (CMPO.US)$Other companies.
Looking to seize your next money-making opportunity? Understand the market trend after grasping short selling data
One characteristic of MEME stocks is that they are highly shorted.
Investors can use the short interest ratio (short interest ratio) indicator to determine whether the company is highly shorted. Generally speaking, if the ratio of short positions is greater than 40%, it means that the stock is highly bearish.
Take GME as an example. In the past two days, the number of short sales has risen sharply. If the stock price rises sharply again, there may be a short squeeze (short squeeze), which will push the stock price up even more.
In fact, short selling data is one of the important indicators for analyzing stocks. It can help investors analyze the market sentiment and likely performance of a particular stock. Investors who like to go long can track short selling data to avoid stocks that may have a downward trend in stock prices; investors interested in shorting can find individual stocks with an excessive short selling ratio and discover investment opportunities.
If individual stocks are sold too much, and when prices continue to rise due to various reasons, bears have to buy back the stock at a higher price, it will be shorted.
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Niu friends can check the daily short sales volume and short position numbers of favorite stocks through individual stock pages > analysis > short selling data analysis. They can also check the short selling rankings and the featured list of changes in short selling through short selling rankings to find and capture the next opportunity to make money.
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Read more:Demystifying the rise of GME: options are the most critical driver
However, bullies need to keep in mind that meme stock prices fluctuate greatly and rapidly. If the stock price is already in the late stages or in the profit stage, it may be seriously overvalued. Buying at this point can be extremely risky.
Editor/Somer