Short Squeeze Candidates: AST SpaceMobile, Wolfspeed

The last thing investors are thinking about right now -- as Wall Street wrestles with surging oil prices and a AI sector reckoning -- is a short squeeze. But maybe that's what contrarians should be doing now, monitoring stocks to buy the dip on that could send bearish bettors packing. 

This screen finds stocks where the shorts might be at a big loss and therefore likely to begin covering. Obviously, there are quite a few assumptions so these would be very rough estimates.

To estimate the return for the shorts, Rocky went back over the past year of short interest reports to find when the shorts were added. Then he used the average price over the prior two weeks and estimated the shorts were added at that average price. Below are stocks where significant shorts have been added and they could be at a big loss. 

Bear in mind, this data is from the most recent reporting period (5/1).

For the past few months, the same names have kept appearing. So for this reporting period, the table below is sorted by short interest increases of the last month. Note that AST SpaceMobile Inc (NASDAQ:ASTS) has its fair share of detractors and 11% of its total available float sold short.

Oklo Inc (NYSE:OKLO) and Wolfspeed Inc (NYSE:WOLF) are also presenting a similar enticing setup; an exodus of bearish bettors, yet plenty of short squeeze potential still.