Vuzix Corporation VUZI 3.01% shares were soaring higher by more than 7.5 percent on Wednesday on extremely heavy volume. Without any major news from the company, the surge may be the result of a short squeeze.
Vuzix is a supplier of wearable virtual reality and augmented reality display technology. According to shortsqueeze.com, Vuzix currently has an extremely high short percent of float at 18.5 percent.
Short squeezes and potential short squeezes have drawn a lot of attention in recent weeks following the incredible squeeze in shipping stock DryShips Inc. DRYS 9.67%. The shocking squeeze sent shares of DryShips from below $4 to above $100 and then back below $7 within a matter of days.
Vuzix could be the next under-the-radar short squeeze candidate.
This week, FIS’ Astec Analytics named Tesla Motors Inc TSLA 0.27%, International Business Machines Corp. IBM 0.85%, Acacia Communications, Inc. ACIA 6.52%, Fitbit Inc FIT 1.29% and Twilio Inc TWLO 3.48% the most popular stocks among short sellers in today’s market.
Vuzix’s setup is…
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!