among today’s short squeeze candidates
After AMC and GME showed the world the kind of gains that can be made from a short squeeze, more and more investors are monitoring overly shorted stocks for potential breakouts. Here are a few volatile stocks under a dollar that are in position to squeeze the shorts and create profit opportunities for savvy investors.
All short data is according to OTCShortReport.com and NakedShortReport.com.
Allied Energy Corporation (OTCMKTS:AGYP)
AGYP saw a boatload of shorts come into their stock last week. Over 60% short volume each of the final three sessions to close the first full week of September. Yesterday, the shorts backed off a bit but there are still quite a few unclosed positions out there and this could be a prime squeeze candidate today.
AGYP, is an oil and gas exploration company that reworks existing wells. The company share price is up around 500% on the year which may be why some shorts were betting against the company, however the stock has been up as high as 1,540% which is why they may be treading lightly now. AGYP recently released a report from oil engineer Mark McBryde forecasting over $32 million in proven reserves between 2 of the company’s many oil & gas leases.