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Best Penny Stocks To Buy For A Short Squeeze? 5 To Watch Today

Short squeeze penny stocks to watch today.
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This is going to be an exciting week for the stock market. We’ve got the US Thanksgiving holiday on Thursday followed by a half-day for equities on Friday. For some, this isn’t a week to slow down but to hit the accelerator, especially when it comes to penny stocks. Though broader markets will stick to their trends, we’re sure to see some fireworks in the land of small- and micro-cap stocks. It’s almost like clockwork; each year during shorter, holiday weeks, retail attention focuses on cheap stocks to buy.

Adding to this, traders tend to look for different trends. Recently, there’s been a growing interest in things like EV and renewable energy. Then again, you also can’t ignore the digital asset and metaverse stocks that have popped up this quarter as well. Everything from cryptocurrency and NFTs to virtual worlds and digital ecosystems is grabbing attention.

Are there other trends to track? Of course, and a few of these trends center around more technical traits. Things like low float and short squeeze stocks remain a hot button. That’s thanks, in part to what we saw earlier this year with the rise of the “apes” and the dramatic breakouts for countless meme stocks. This is where we’ll look today; stocks with higher short interest. There’s no guarantee that they’ll experience a short squeeze. As they say, knowing is half the battle.

5 Short Squeeze Penny Stocks To Watch

  1. Camber Energy (NYSE:CEI)
  2. Senseonics Holdings (NYSE:SENS)
  3. Progenity (NASDAQ:PROG)
  4. Aspira Women’s Health (NASDAQ:AWH)
  5. Vinco Ventures (NASDAQ:BBIG)

1. Camber Energy (NYSE:CEI)

One of the newest meme stocks to watch is Camber Energy. The company caught the sweeping interest of retail traders during late summer. Shares of CEI stock exploded from below $0.35 to highs of $4.85. But just as quickly as it broke out, so too did it break down. One of the biggest bearish catalysts came in the form of a short report from Kerrisdale Capital citing concerns about the company compared to the market activity at the time.

Read more: Top Penny Stocks to Add to Your Watchlist in Late November

Regardless, CEI stock continues catching intermittent boosts in trading momentum. This last week has been one of those periods, thanks to a response to these exact claims made by Kerrisdale.

Recent CEI Stock News

Camber has worked to solidify a deal with ESG Clean Energy LLC. The company develops net-zero carbon footprints and offers clean energy solutions. Camber and ESG signed an agreement for an exclusive license to specific stationary electric power generation intellectual property. This included the way heat from manufacturing was captured and reused for other power needs.

In its statement, ESG expressed the information given from Kirrsdale contained “misleading and inaccurate” information. With this response, there has been a bit more optimism in the market during the second half of November.

While CEI stock isn’t the highest on the list as far as short interest goes, it has a higher percentage than others in the stock market today. Fintel data shows the short float percentage for CEI sitting just over 13% right now.

2. Senseonics Holdings (NYSE:SENS)

If there’s been one company consistently on a watch list this year, it has been Senseonics. Despite a recent pullback from November highs, SENS stock has made a big move year-to-date. Where certain penny stocks experience a big move over one or two days and then whisk away, never to be heard from again, Senseonics has managed a consistent uptrend from under $1 in January to over $3.50 to start this short week.

Read more: 3 Penny Stocks to Add to Your Watch List Right Now

The medical device company has found its niche in glucose monitoring. Its Eversense platform gives patients the ability to track glucose data without finger-prick methods, which is relatively mainstream. The device is implanted into each person, and then it sends signals to an application throughout the day for constant monitoring.

Recent SENS Stock News

Earnings are on the docket for hundreds of companies this month. Senseonics reported its latest round earlier in November. Following an EPS beat, the market seems focused on what’s coming next for the company. In particular, Eversense is currently in review by the FDA for Premarket Approval and an expected decision in the coming months. Keep this in mind if SENS stock is on your watch list right now.

As far as the percentage of the float that’s short in this stock, Fintel data shows that figure sitting around 25.24% right now.

short squeeze penny stocks to buy Senseonics Holdings SENS stock chart

3. Progenity (NASDAQ:PROG)

A long-time placeholder on our list of penny stocks with higher short interest is Progenity. In fact, since late September, PROG stock has been at the center of the spotlight when it comes to this trend. In addition, Progenity has worked toward advancing its Preecludia platform, which is a preeclampsia rule-out test. The platform aids physicians in evaluating and managing patients with potentially compromised pregnancies. The company has engaged an advisory firm to launch its licensing initiatives.

Further to this, Progenity also received a patent allowance for one of the critical assays for the test.

Recent PROG Stock News

Other than the future of Preecludia, Progenity has also worked to streamline and lean out its operations. In the company’s Q3 business update, management explained that the company implemented cost-cutting measures that could result in roughly $145 million in savings annually.

“Progenity is making great strides in its transformation into a biotherapeutics company. I’m looking forward to accelerating this process, and to helping the company efficiently advance its innovation pipeline, which has great potential to impact the diagnosis and treatment of serious diseases,” said Adi Mohanty, Chief Executive Officer of Progenity.

Even with this brighter outlook for the overall transformation of Progenity, short interest remains a key catalyst. According to Fintel data, PROG stock’s short float percentage sits around 19.5% right now.

short squeeze penny stocks to buy Progenity PROG stock chart

4. Aspira Women’s Health (NASDAQ:AWH)

Shares of Aspira Women’s Health have seen a very different response in the market compared to SENS. However, a recent spike in trading volume may have turned some attention to AWH stock at the end of last week. Aspira dropped heavily after reporting mixed earnings, but Friday’s November 19th session saw a noticeable reversal in trend. The penny stock bounced from lows of $2.13 to after-hour highs of $2.62.

Recent AWH Stock News

Similar to Senseonics, earnings were the latest fundamental development reported on by the company. Although Aspira missed the EPS estimate, it was able to beat on sales. It reported $1.67 million compared to an expected $1.62 million from analysts. Furthermore, the women’s healthcare company discussed considerable progress in its product collaboration with the Dana Farber Cancer Institute and completed a Phase 1 proof-of-concept study for developing an ovarian cancer screening application. The company’s also waiting on awaiting a resolution from the FDA regarding its Endocheck product by the end of the year. This is Aspira’s platform to identify Endometriosis in patients.

As far as Fintel’s short data goes, AWH stock sits with a short float percentage of 17.48% right now.

short squeeze penny stocks to buy Allied Womens Health AWH stock chart

5. Vinco Ventures (NASDAQ:BBIG)

Similar to Camber Energy, Vinco Ventures has become a frequent mention on the active list of meme stocks to watch right now. The tech company has several angles that have helped it gain interest among traders this year. From its deal for a TikTok competitor technology platform to a spin-off of a crypto company, BBIG stock has had plenty of catalysts along the way. This has culminated into a year-to-date move of more than 260%.

Recent BBIG Stock News

While most of the previous interest has stemmed from its Cryptyde spin-off, speculation could have begun building heading into next week. One of the biggest reasons for this has to do with its November 19 update. Management said it will report Q3 earnings after the bell on November 22 (today). There’s also a webcast and conference call set for November 23. Even with this speculative momentum, it’s important to note that earnings can present a higher risk situation. Depending on what’s reported, the market can respond in kind, and sometimes that isn’t in favor of the bulls. Keep this in mind if BBIG stock is on your list right now.

As far as short data is concerned, Fintel shows BBIG with a short float percentage of 25.67% heading into earnings.

short squeeze penny stocks to buy Vinco Ventures BBIG stock chart

Are Short Squeeze Penny Stocks On Your Radar?

Short squeezes can be very exciting, especially when it comes to short-term breakouts. However, it’s essential to understand that they can also break down just as quickly as they move higher. So if any companies with high short interest are on your list, don’t solely bank on the fact that there’s “a short” in a stock. Doing additional research and understanding underlying catalysts is important, especially regarding penny stocks (with or without higher short interest).

The post Best Penny Stocks To Buy For A Short Squeeze? 5 To Watch Today appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Author: J. Samuel

Energy & Critical Metals

Dear NIO Stock Fans, Mark Your Calendars for This Potential Catalyst on Dec. 18

Fans of electric vehicle (EV) stocks are anxiously awaiting Nio Day, which has been confirmed to take place on Dec. 18 in Suzhou, China. Nio (NYSE:NIO)…

Fans of electric vehicle (EV) stocks are anxiously awaiting Nio Day, which has been confirmed to take place on Dec. 18 in Suzhou, China. Nio (NYSE:NIO) is expected to debut at least two new vehicle models and possibly a brand new vehicle brand. During Nio Day 2020, the EV maker unveiled the ET7 sedan to much fanfare. Deliveries for the ET7 sedan are expected to start in 2022 for most countries, although confirmation for this timetable will likely be answered at Nio Day.

Image showing a Nio store with a glowing logo on the front.Source: Andy Feng/Shutterstock.com

Nio also impressed shareholders after releasing its November delivery numbers. The company reported that it had delivered 10,878 vehicles, up nearly 106% year-over-year (YOY). This brings total year deliveries to 80,940 vehicles, up more than 120% YOY. The November numbers were much needed after Nio reported disappointing October deliveries. Those numbers came in lower due to supply-chain issues and chip shortages. InvestorPlace contributor Vandita Jadeja notes that Nio’s expected fourth-quarter deliveries of 23,500 to 25,500 vehicles will be difficult to accomplish.

Without further ado, let’s dive right in to what investors should know about Nio’s most exciting day of the year.

Nio Day: What NIO Stock Investors Should Know

  • Rumors are flying around that one of the new vehicles to be released during Nio Day is the ET5, a mid-sized sedan. The ET5 will reportedly compete with the BMW (OTCMKTS:BMWYY) 3-series and the Audi A4 at a lower price (Audi is owned by Volkswagen (OTCMKTS:VWAGY)).
  • The ET5 will likely be priced below the ET7, which has a base cost of around $69,000.
  • According to a research note from Deutsche Bank, the second mystery EV is expected to be similar to the Toyota (NYSE:TM) Alphard, a luxury multi-purpose vehicle (MPV) that “sold 20,000 units in China last year.” Deutsche’s second guess is a high-performance sports coupe.
  • Nio recently filed a trademark registration for the name EF9, according to ElectricVehicleWeb. This has led many to speculate that the new vehicle will be a convertible version of the EP9.
  • CEO William Li confirmed that Nio plans on adding three new models to the Nio Technology Platform 2.0 in 2022. One of the models will be the new ET7 sedan. The other two are still unknown.
  • Fans of NIO stock are also waiting for an update on overseas delivery times and availability, especially in European countries. The company will likely answer this question at Nio Day.
  • Li confirmed during a Q2 conference call that Nio had assembled a team to work on a new vehicle brand. In regards to the possible new vehicle brand, Li commented, “The relationship between Nio and our new mass-market brand will be like that of Audi-Volkswagen and Lexus-Toyota.”
  • On the date of publication, Eddie Pan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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    Author: Eddie Pan

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    Energy & Critical Metals

    Apple CEO Tim Cook Signed Discrete $275 Billion Deal With China in 2016

    Apple CEO Tim Cook allegedly signed a discrete $275 billion agreement with China back in 2016, in an an effort
    The post Apple CEO Tim Cook Signed Discrete…

    Apple CEO Tim Cook allegedly signed a discrete $275 billion agreement with China back in 2016, in an an effort to appease the country’s authorities that were threatening to halt the distribution of Apple devices and services.

    According to a comprehensive report published by The Information on Tuesday, which cited people familiar with the matter as well as internal Apple documents, Cook secretly entered into a five-year agreement with China via in-person visits throughout 2016. The objective of the deal was to appease the Chinese government, which threatened Apple with bad publicity and accused the US-based tech company of not doing enough for the country’s economy.

    Internal Apple documents reveal that the company’s CEO “personally lobbied officials” to create a “memorandum of understanding” with the National Development and Reform Commission, in exchange for regulatory immunity. The agreement was allegedly devised by Apple’s Chinese government affairs team, was personally served by Cook to Chinese officials, and amounted to more than $275 billion in spending.

    The agreement comprised of a pledge to aid Chinese authorities in advancing their manufacturing capabilities, support domestic talent training, collaborate on research at Chinese universities, sign deals with local suppliers, and make direct investments in Chinese-based tech companies. In addition to that, Apple also agreed to spend billions of more dollars beyond its initial agreement, including setting up new retail locations, exploring renewable energy projects, and creating research and development facilities.

    Information for this briefing was found via The Information. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

    The post Apple CEO Tim Cook Signed Discrete $275 Billion Deal With China in 2016 appeared first on the deep dive.

    Author: Hermina Paull

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    Energy & Critical Metals

    Nubank IPO: When Does Nubank Go Public? What Is the NU Stock IPO Price Range?

    “Finally, you’re in control of your money,” promises Nubank. The Brazilian-based company is the largest fintech institution in Latin America, but…

    “Finally, you’re in control of your money,” promises Nubank. The Brazilian-based company is the largest fintech institution in Latin America, but its reach expands as far as Berlin, Germany. Operating completely digitally with no physical headquarters, the neobank has a list of investors that includes Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A) investment fund, which took a $500 million position earlier this year. Now, as this year winds to a close, Wall Street is bracing for the Nubank IPO (initial public offering). Indeed, this could be the last in a long line of exciting debuts that investors have seen this year.

    A Nubank sign outside of an office building.Source: Jo Galvao / Shutterstock.com

    What to Know About the NuBank IPO

    There’s plenty that investors should be keeping in mind as markets prepare for the Nubank IPO. Let’s discuss the specifics.

    As of tomorrow, Nubank will begin trading on the New York Stock Exchange under the symbol NU. However, it doesn’t stop there. Additionally, Nubank will be trading on Brazil’s San Paolo Exchange. In late November, the company updated the price range to between $8 and $9 per share. Assuming that the price stays at $9, the IPO will raise roughly $2,859,497,856. It’s worth nothing, though, that this price range is a downgrade from where it previously stood, between $10 and $11.

    InvestorPlace’s William White recently reported that the company claims to have a commitment from “certain investors to purchase an aggregate amount of at least $1.3 billion of Class A shares in the IPO.” While the term “certain investors” carries ominous undertones, it may just be an unconventional choice of wording. The offering will also include a 30-day option from underwriters that will allow for the  purchase an additional 28,571,429 shares set at the IPO price point. As of now, the company is valued at slightly over $40 billion, also a downgrade from its original valuation of $55 billion.

    Founded in 2013, Nubank was built by three entrepreneurs, David Velez of Colombia, Edward Wible of the United States and Cristina Junqueira of Brazil.

    What Can We Expect?

    As of Sept. 30, the neobank reported an active user count that totaled 48 million. As the company operates primarily in Latin America, where many lean toward an unbanked lifestyle, that statistic is impressive.

    That said, the aforementioned decrease in Nubank’s valuation certainly raised some questions — and not without reason. While some have made arguments that it is indicative of a diminishing market or troubling sector, the fact that Warren Buffett maintains his position in the company shouldn’t be discounted.

    It’s also worth noting that this season has brought some highly impressive IPOs, such as electric vehicle (EV) producer Rivian (NASDAQ:RIVN), which rocked Wall Street in the best way possible in its debut. By comparison, most of the IPOs that followed haven’t looked so good. But that certainly doesn’t mean they don’t have the potential to take off.

    The Nubank IPO is happening a time when markets are still reeling in reaction to the omicron variant. Plus, there still may be darker days ahead. However, if that proves to be the case, completely digital banking institutions like Nubank could certainly stand to benefit. Even at the current lowered valuation, its IPO is worth watching.

    On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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    The post Nubank IPO: When Does Nubank Go Public? What Is the NU Stock IPO Price Range? appeared first on InvestorPlace.

    Author: Samuel O'Brient

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