Potential short squeeze plays gained steam in 2021 and continued through 2022, with new traders looking for the next huge move.
High short interest and a high cost to borrow are among the common traits that could lead to a short squeeze.
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite dropping more than 100 points on Friday.
The Dow traded up 0.27% to 33,789.71 while the NASDAQ fell 0.96% to 11,676.75. The S&P 500 also fell, dropping, 0.11% to 4,076.81.
Gainers
SeqLL Inc. (NASDAQ: SQL) shares jumped 120% to $1.85 after dropping around 39% on Thursday. SeqLL recently announced the establishment of a two-year Cooperative Research and Development Agreement with the U.S. Department of Justice's Federal Bureau of Investigation.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite dropping more than 100 points on Friday.
The Dow traded up 0.25% to 33,783.85 while the NASDAQ fell 1.14% to 11,655.07. The S&P 500 also fell, dropping, 0.22% to 4,072.54.
Update: Please note that this article was posted in error. The stock market was closed on Monday January 16th, 2023 in observance of Martin Luther King Jr. Day. We apologize for any confusion or inconvenience this may have caused.