These 20 heavily shorted stocks could be the next GameStop

next gamestop
  • Americans have added $1 trillion to money market mutual funds in the pandemic.
  • That means retail traders’ influence on the market should only grow in the months ahead.
  • Money could continue to blow up big short bets, just like it did with GameStop.

The GameStop short squeeze and stock bonanza might have felt like a once-a-decade or once-in-a-lifetime event, but it could happen again, and soon.

Even if there were many ways the social media-fueled frenzy in GameStop and AMC Networks and Bed Bath & Beyond was unique, many of its most notable ingredients are still there, according to Goldman Sachs. Chief among them are these two: There are a lot of big short bets on the market, and retail investors still have a ton of money.

More than 50% of the $5 trillion in money market mutual funds is owned by households and is $1 trillion greater than before the pandemic. Regulatory actions, broker risk limits, or unexpected losses could all dampen the activity … But otherwise, an abundance of US household cash should continue to fuel the trading boom.

Now that everyone is aware of the hidden potential in heavily shorted stocks these 20 heavily shorted stocks can become the next GME:

Rank for short interest/Ticker symbol/Company/Short Interest

ISUN iSun Inc. 39.72%

LGND Ligand Pharmaceuticals Inc. 38.91%

KOSS Koss corporation 38.16%

TRIT Triterras Inc. 37.73%

CLVS Clovis Oncology Inc. 35.78%

FIZZ National Beverage Corp. 34.91%

AXDX Accelerate Diagnostics Inc 34.73%

GOGO Gogo Inc 33.49%

SPWR SunPower Corporation 31.93%

OTRK Ontrak, Inc. 31.91%

LAZR Luminar Technologies Inc 31.35%

PGEN Precigen, Inc Nasdaq 30.28%

VXRT Vaxart Inc 28.20%

BBBY Bed Bath & Beyond Inc. 27.78%

PETS Petmed Express Inc 26.63%

MDGL Madrigal Pharmaceuticals Inc 26.06%

BLNK Blink Charging Co 25.54%

VTVT vTv Therapeutics Inc 25.39%

OPK Opko Health Inc. Nasdaq 25.34% ICPT Intercept Pharmaceuticals Inc 25.32%

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