When it comes to our short-squeeze universe, the best trades tend to come from the junkiest stocks.
In late 2022, we went dumpster diving for the most beat-up and heavily shorted stocks in the market and had some big winners. We were at the depths of the bear cycle, and the charts looked terrible. They were supposed to be zeros, but they weren't.
Just look at how Carvana $CVNA has performed since we were buying it at 8.25 almost 2-years ago.
Another junky group that has been working recently is the Marine Shipper industry.
Our custom Marine Shipping Index is on the verge of reclaiming the 61.8% retracement of its prior drawdown:
The unfortunate thing about most shippers is that they have little short interest.
But they trade like they do...
These stocks can rally several hundred percent in a short amount of time when they trend.
Even better, we're outlining a trade for one of the best-performing Marine Shippers and this one does have a massive short interest. We think this trade could be a multi-bagger.
Here's our latest Freshly Squeezed table:
*Click table to enlarge view
Our Freshly Squeezed list contains stocks that have a short interest greater than 12% and a market capitalization bigger than $500M. The universe is then sorted by 10-day stock price performance.
