These 5 stocks have potential for a meme-driven short-squeeze this week, according to Fintel. One of them is even stealing the AMC and GameStop spotlight with its celebrity SPAC status.
[These 5 stocks have definite potential for a meme-driven short-squeeze this week, according to Fintel. One of them is even stealing the AMC and GameStop spotlight with its celebrity SPAC status. - News Nation USA](https://newsnationusa.com/news/finance/banking/these-5-stocks-have-definite-potential-for-a-meme-driven-short-squeeze-this-week-according-to-fintel-one-of-them-is-even-stealing-the-amc-and-gamestop-spotlight-with-its-celebrity-spac-status/)
[**Penelope mason**](https://newsnationusa.com/author/penelope-mason/) 1 day ago
* Meme-mania is being fueled by a new set of stocks as retail investors turn to Reddit and WallStreetBets for guidance.
* Celebrity SPACs are helping drive attention to one of the most popular short stock names on Fintel’s list
* Fintel uses algorithm-based short interest data to determine opportunities for retail investors.
Meme-mania is showing no signs of stopping, as retail traders scour the markets for the best stocks to target with their buying. According to weekly research from market data analyst Fintel.io, there are five that are likely to come onto the radar of the members of Reddit’s various trading subreddits, as well as other forums.
[Fintel’s](https://fintel.io/) Short Squeeze Explorer has compiled short-interest data to determine opportunities for retail investors this week. The most dramatic historical example of the power of a short squeeze has been GameStop at the start of the year, which gave birth to a new meme era in which stocks were purchased for reasons beyond the companies’ respective performance. That volatility also led to some hedge fund short sellers to lose billions along the way.
Fintel has laid out its five most likely targets for a retail-fueled short squeeze this week, which include some little- known underowned stocks.
Clover Health Investments Corp Class A
[Clover Health Investments Corp Class A \(CLOV\)](https://preview.redd.it/l07oo6g2ke871.png?width=701&format=png&auto=webp&s=bd0295833d8aa02bafca6ea57a8d2824ce4750cf)
***Ticker: CLOV***
Canadian-American venture capitalist Chamath Palihapitiya’s Clover Health has attracted the attention of the WallStreetBets crowd in June, allowing it to steal the spotlight from meme favorites AMC and GameStop. It is an example of a celebrity special purposes acquisition company play, a sub-sector that has been skyrocketing since last year.
***Analysis:***
**“**Clover Health has a short interest percentage float of 36%, which is extremely elevated, and a short borrow fee rate of 55.36%. This short borrow fee rate has climbed from 24.4% since June 24, indicating an increase in scarcity of shares and a higher cost to short. This, combined with recent price action that has seen the price nearly double in the last four weeks, set the stage for a potential squeeze.”
*Source: Fintel founder, Wilton Risenhoover*
Alset Ehome International Inc
[ Alset Ehome International Inc \(AEI\)](https://preview.redd.it/p5gwwm2uke871.png?width=702&format=png&auto=webp&s=e18a2dd2f4f252aec0810ab9fc18cb7391bfa099)
***Ticker: AEI***
***Analysis:***
**“**Like CLOV, AEI has an elevated short borrow fee rate, at 51.12%. This fee rate has been steady at this level for the last five days. Both the volume and price have had significant increases, and if this momentum continues, the pressure on short sellers will continue.”
*Source: Fintel founder, Wilton Risenhoover*
Cellect Biotechnology Ltd
[Cellect Biotechnology Ltd \(APOP\)](https://preview.redd.it/j80ossrdle871.png?width=702&format=png&auto=webp&s=1b7272b29229e867da1371a14230679717f39846)
***Ticker: APOP***
***Analysis:***
**“**APOP has a short borrow fee rate of 84.8%, one of the highest of our current candidates, making it extremely expensive to borrow – and therefore short – shares of the company. The price momentum has seen strong growth in the last four weeks, and if it continues, it could force margin calls and perpetuate a short squeeze.”
*Source: Fintel founder, Wilton Risenhoover*
Orphazyme A/S
[Orphazyme A\/S \(ORPH\)](https://preview.redd.it/vnxzre1ome871.png?width=701&format=png&auto=webp&s=2fa4b90695da1ac4e0add99fcecc3539ab7c5a80)
***Ticker: ORPH***
Another meme favorite this month has been Danish drug company Orphazyme, which recently said it would cut two-thirds of jobs after it failed to win regulatory approval with the US Federal Drug Authority for a critical treatment option.
***Analysis:***
**“**ORPH has an eye-watering borrow fee rate of 102.3%, making it the most expensive stock to borrow of this week’s candidates. The price had a large runup to $21.00 a few weeks ago, and if this happens again and continues to climb, it could force margin calls and perpetuate a short squeeze.”
*Source: Fintel founder, Wilton Risenhoover*
Digital Brands Group
[Digital Brands Group \(DBGI\)](https://preview.redd.it/39tra2gcne871.png?width=702&format=png&auto=webp&s=072062530061a48007c5ad09dc40f9bacb0ff28c)
***Ticker: DBGI***
***Analysis:***
**“**Digital Brands Group has a borrow fee rate of 51%, up from 35% last week. The price has had a nice runup, increasing about 60% in the last four weeks. However, Days to Cover is below 1.0 at this time, making it easy for shorts to cover. If the short interest increases or the volume drops, it will be harder to cover, which could trigger a squeeze.”
*Source: Fintel founder, Wilton Risenhoover*
https://www.reddit.com/r/StockMarket/comments/oaxgfb/these_5_stocks_have_potential_for_a_memedriven/
