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JPMorgan helpfully lists 45 other shares vulnerable to Shortbusters
'GameStop Effect' Could Ripple Further as Wall Street Eyes Short Squeeze Candidates
By April Joyner and Saqib Iqbal Ahmed
Reuters
Thursday, January 28, 2021
NEW YORK -- The clash between retail traders and Wall Street professionals that sparked roller coaster rides in the shares of GameStop Corp. may pose a risk to dozens of other stocks and potentially create a headache for the broader market, analysts said.
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Market watchers identified dozens of stocks potentially vulnerable to extreme volatility after a buying spree from an army of retail traders in recent days prompted hedge funds to unwind their bets against GameStop and other companies, fueling surges in their share prices in a phenomenon known as a "short squeeze."
"Unfortunately, it's definitely not a one-off thing," said Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research. "The type of activity that drove that higher, I believe, has caused people to try to duplicate that in other names."
J.P. Morgan this week named 45 stocks that may be susceptible to short squeezes and similar "fragility events," including real estate company Macerich Co, restaurant chain Cheesecake Factory, and clothing subscription service Stitch Fix Inc.
Like GameStop, American Airlines Group, AMC Entertainment Holdings, and others that have recently become targets of retail traders in recent days, all the stocks have high short interest ratios. ...
... For the remainder of the report:
https://www.reuters.com/article/us-retail-trading-shorts/gamestop-effect...
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