Hedge funds have lost billions of dollars due to the short squeeze saga involving GameStop and AMC. According to S3 Partners, a market intelligence firm based in New York, GameStop short-sellers have lost $7.3 billion so far this year. The losses for AMC short-sellers this year are also expected to be close to $4.5 billion, according to the market intelligence agency. Katapult Holdings, Inc., Big 5 Sporting Goods Corporation, and Intercept Pharmaceuticals, Inc. are among the companies experiencing a lot of short interest right now.
Here is Insider Monkey’s list of the 15 best short squeeze stocks to buy now. Greenidge Generation Holdings is based in New York and owns and runs Bitcoin mining operations. The company is a publicly traded company with a market capitalization of over $1 billion. Over the last week, the company has been one of the most talked-about stocks on Reddit communities. SCWorx Corp. is ranked fourteenth. Healthcare providers can use the company’s software solutions. It has a market capitalization of more than $22 million and revenue of more than $5 million last year. Sphere 3D Corp. is rated thirteenth. The company specializes in data management and application development. The company recorded -$0.19 profits per share and $0.8 million in revenue for the second quarter. BIT Mining Limited, a bitcoin mining firm, is ranked 12th on the list of the best short squeeze stocks to buy right now. BIT Mining announced earnings for the second quarter, citing $0.03 earnings per share and $445 million in revenue. Beam Global is ranked eleventh. Renewable energy products are manufactured and sold by the company. The shares of Beam Global was maintained as a Buy by BTIG, while the price objective was reduced to $42 from $50. For more details, click 15 Best Short Squeeze Stocks To Buy Now.