In a new report, SunGard analyst Karl Loomes looked to short-interest data to find stocks ripe for short squeezes under the right conditions. Here’s a breakdown of some of the names he discussed.
FedEx Corporation FDX 0.1%
The company recently indicated that its proposed takeover of European rival TNT is extremely likely to gain approval by the European Commission. Loomes noted that short selling volumes have also declined by 24 percent over the past two weeks.
Weight Watchers International, Inc. WTW 2.41%
The company’s share price recently doubled following the news that Oprah Winfrey has taken a 10 percent stake in the company. Short selling data indicates that a large number of traders are trying to capitalize on the overbought nature of the stock. The total number of borrowed shares has increased by 25 percent.
GoPro Inc GPRO 1.8%
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