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Best Penny Stocks? 5 Short Squeeze Stocks To Watch This Week

Short squeeze stocks to watch this week.
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Penny stocks are known for their volatility and potential to skyrocket at a moment’s notice. They’re also known to break down just as quickly. But if you’re a risk-on trader, this volatility is what you’re looking for the make money trading in the stock market.

Today we look at a unique list of penny stocks where price fluctuations can be even more extreme. I’m talking about stocks with higher short interest. These are the companies that Wall Street has taken big bets against. Under the right conditions, however, bearish bets can lead to bullish explosions, as recent history suggests.

The record moves that AMC Entertainment and GameStop made early in the pandemic are proof that short squeezes can happen to astronomical proportions. Since the stock market is down in 2022, some traders think that a short squeeze paired with a market rally could be a perfect storm for bullish opportunities. Here’s a list of short interest stocks to watch this week.

Penny Stocks To Watch

SymbolCompany Name
TNXPTonix Pharmaceuticals Holding Corp.
VRMVroom Inc.
EOSEEos Energy Enterprises Inc.
MMATMeta Materials Inc.
APRNBlue Apron Holdings Inc.

Tonix Pharmaceuticals Holding Corp. (TNXP)

It isn’t always about finding beaten-down penny stocks when it comes to short squeeze stocks. However, there’s a good chance that companies trading near lows have bearish bets on them. Tonix Pharmaceuticals fits the mold as shares have imploded over the last year. But after hitting fresh lows a few weeks ago, TNXP stock has managed to rebound.

[Read more] Penny Stocks To Buy Now? 4 To Watch This Week

Significant volume has also accompanied the move with some of the highest levels in its public history. Global health concerns stemming from the monkeypox virus have placed attention on companies with potential exposure to a vaccine or treatment. In our article “Penny Stocks To Buy Now? Hot Monkeypox Stocks To Watch Today,” we discussed Tonix along with a few other names.

The company’s infectious disease pipeline consists of a vaccine in development to prevent smallpox and monkeypox called TNX-801. TNXP stock has been put on the radar, with more cases popping up globally.

TNXP Stock Short Interest

We looked at short data from Fintel.IO and TD Ameritrade today. As of this article, both platforms show the short interest for TNXP stock sitting above 250%. This is the penny stock with the highest short interest on this list based on data from these outlets.

Vroom Inc. (VRM)

best penny stocks Vroom Inc. VRM stock chart

Shares of Vroom Inc., as well as other automotive retail stocks, have popped recently. In Vroom’s case, the penny stock has bounced back 40 cents from its recent 52-week lows. Even though it’s small in dollar value, the move equates to roughly 37%. This, of course, is one of the high points of penny stocks. Even small moves can mean big percentage changes.

VRM stock is in focus after beating Q1 earnings. The company reported a loss per share of 71 cents, better than Wall Street’s expected loss per share of over $1. In addition, Vroom reported sales of more than $900 million for the quarter, exceeding estimates of $878.13 million.

VRM Stock Short Interest

VRM could be another short interest stock to watch. As of this article, Fintel data shows a short float percentage of 35.63%. Meanwhile, TD Ameritrade has a figure slightly lower at 32.11%.

Eos Energy Enterprises Inc. (EOSE)

best penny stocks Eos Energy Enterprises EOSE stock chart

Energy penny stocks have been a favorite amid the global supply disruption. However, Eos isn’t a typical oil and gas stock. The company focuses on energy storage systems based on sustainable zinc. Its Znyth zinc battery was made to outperform conventional lithium-ion technology.

Since sustainable energy stocks haven’t been in the biggest favor this year, shares of many companies, including EOSE stock, are down for the year. Throw in some missed quarterly expectations, and it makes sense that the penny stock hit new 52-week lows in May.

EOSE Stock Short Interest

Nevertheless, Eos could be in focus among those looking for short squeeze stocks. Fintel and TD Ameritrade show the EOSE stock short float between 28.21% and 29.66%.

Meta Materials Inc. (MMAT)

best penny stocks Meta Materials Inc. MMAT stock chart

Like sustainable energy stocks, tech stocks haven’t been in favor either this year. However, that hasn’t been the case lately, and many, including Meta Materials, have experienced a strong rebound. Meta develops functional materials and nanocomposites.

This week the company announced a deal with paint and coating company PPG (NYSE: PPG). The two inked a memorandum of understanding to create new ophthalmic smart devices for extended reality applications. Thanks to the uptick of interest in things like the metaverse, hardware is becoming as important as software. The new Meta & PPG collaboration focuses on creating a dynamic dimming function for Meta’s NANOWEB conductive film. It will also include PPG’s electrochromic gels.

“A key challenge for XR eyewear developers is to overcome high-brightness ambient lighting, such as outdoors on a sunny day…Ramping up display power in these settings greatly shortens battery life. Dynamic dimming should enable a more readable display with more efficient power use.”

Jonathan Waldern, CTO of META

MMAT Stock Short Interest

MMAT stock doesn’t have the highest short interest compared to other names on this list of penny stocks. But it doesn’t discount that both Fintel and TD show a short float percentage in the double digits. Fintel puts this figure around 17.5%, while TD has it higher at nearly 22%.

[Read more] Penny Stocks to Add to Your Watchlist This Week, 3 to Watch

Blue Apron Holdings Inc. (APRN)

best penny stocks Blue Apron APRN stock chart

If you’ve traded penny stocks for at least a year, you’re familiar with the “saga” that is Blue Apron. Shares surged in 2021 thanks to growing interest in “stay at home stocks.” APRN stock climbed to highs of over $12. Things are much different now as the world continues reopening.

Some missed earnings for the first quarter have put pressure on the penny stock. In its latest quarter, revenue dropped 9% from a year ago while earnings per share missed expectations by a wide margin.

Even with this case, some investors remain bullish on the penny stock. Historically bearish, Citron Research is bullish on the penny stock. In a May 10th tweet, the firm said, “$APRN Just signed off investor day…either management are group of lying sociopaths on profitability or this stock going right back to $10.”

In late May, Blue Apron also added new strategic partnerships helping boost optimism in the penny stock. It signed Blue Cross Blue Shield and Planet Fitness for its Wellness360 platform.

APRN Stock Short Interest

What is the APRN short float percentage? Based on the latest data from TD Ameritrade and Fintel, the figure sits between 29.05% and 33.18%.

Penny Stocks To Watch This Week

Whether you’re looking for short squeeze stocks or something else, a plan is important. Outlining your profit targets, stop losses, and potential reentry points will help. Today, we looked at a handful of stocks with higher short interest. Whether or not they actually “squeeze” is something only time will tell. For now, they could be some of the top penny stocks to watch as the stock market attempts to continue rallying.

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

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Spread & Containment

FTSE 100 gains as commodity-linked stocks bounce back

The commodity-heavy FTSE 100 gained 0.4%, while mid-cap FTSE 250 index inched up 0.3% UK’s FTSE 100 gained on Monday, as an easing of COVID-19 restrictions…

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The commodity-heavy FTSE 100 gained 0.4%, while mid-cap FTSE 250 index inched up 0.3%

UK’s FTSE 100 gained on Monday, as an easing of COVID-19 restrictions in China brought relief to commodity prices, lifting shares of major oil and mining companies.

As of 0704 GMT, the commodity-heavy FTSE 100 gained 0.4%, while mid-cap FTSE 250 index inched up 0.3%.

The risk sentiment improved after a Wall Street rally late last week and a rebound in copper and iron ore prices on Monday, boosted by an easing COVID-19 restrictions in Shanghai and relaxed testing mandates in several Chinese cities.

The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week, Hargreaves Lansdown analyst Susannah Streeter said.

Mining stocks led gains on the FTSE 100 index, with Anglo American, Rio Tinto and Glencore rising more than 3%, after Group of Seven leaders pledged to raise $600 billion private and public funds in five years to finance needed infrastructure in developing countries.

It is hoped this scheme, seen as a counter to China’s Belt and Road Initiative, will set off a spurt of spending and demand for commodities around the world, Streeter added.

Among individual stocks, CareTech surged 20.8% after the UK-based provider of care and residential services agreed to be acquired by a consortium led by Sheikh Hoidings in an 870.3 million pounds ($1.07 billion) deal.

Carnival Corp jumped 5.6%, extending its Friday gains after the leisure travel company forecast a positive core profit for the current quarter despite surging costs.

London-listed shares of Rio Tinto added 2% after a U.S appeals court ruled that the federal government may give the UK copper miner a right to lands in Arizona.

BAE Systems inched up 0.4% after the defence company received a $12 billion contract from the U.S Department of Defence.

The post FTSE 100 gains as commodity-linked stocks bounce back first appeared on Trading and Investment News.

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Science

Hot Penny Stocks to Buy This Week? 3 For Your List 

Can these penny stocks continue to climb
The post Hot Penny Stocks to Buy This Week? 3 For Your List  appeared first on Penny Stocks to Buy, Picks, News…

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3 Hot Penny Stocks to Add to Your Watchlist This Week 

Let’s face it, finding penny stocks to buy is not easy. And over the past few months, it has been increasingly challenging to make money with small caps. Now, while this may be true, not every investor has lost money in that time. Rather, to make money with penny stocks, traders have to be extra careful and know what penny stocks to buy. 

[Read More] Best Penny Stocks to Buy as June Ends? 3 to Watch 

There are a few key things to look for when finding penny stocks to buy. The first is a reason that it may move. When penny stocks shift up or down, there are numerous causes. But, most penny stocks will have a fundamental reason to do so. This could be a new product launch, an FDA approval, or anything else that would increase demand for the company’s shares. 

The second is liquidity. This is key because you need to be able to buy and sell penny stocks quickly. If there is not enough liquidity or shares traded in a day, you may be stuck with your penny stock. 

The last is price. You obviously want to buy penny stocks that are cheap, but you also want to make sure that the company is valued appropriately. This means looking at its fundamentals and understanding why it is at its given value. With all of this in mind, let’s take a look at three penny stocks to add to your watchlist this week.

3 Penny Stocks to Watch This Week 

  1. Visionary Education Technology Holding Group Inc. (NASDAQ: VEDU)
  2. RLX Technology Inc. (NYSE: RLX)
  3. Uranium Energy Corp. (NYSE: UEC

Visionary Education Technology Holding Group Inc. (NASDAQ: VEDU) 

One of the largest gainers of the day on June 27th was VEDU stock. By EOD, shares of VEDU had shot up by more than 30% with an over 5% after-hours gain. And, in the past five days, shares of VEDU stock have exploded by over 120%. These major gains come alongside no recent news. The most recent news however, came on May 19th. 

[Read More] Penny Stocks: Looking At The Big Picture For Tiny Stocks

On the 19th, the company announced the closing of its $17 million firm commitment IPO. This came with 4.25 million shares at a public offering price of $4 per share. For some context, Visionary Education is a Canadian based company offering high-quality education resources to students around the world. While it has fallen from its IPO price to around $2.60, its recent bullish momentum is exciting without a doubt. So, with all of this in mind, will VEDU be on your penny stocks watchlist or not?

RLX Technology Inc. (NYSE: RLX) 

With over 3% in gains during trading and after hours on June 27th, RLX is another penny stock that investors are watching right now. In the past month, we’ve seen shares of RLX climb by more than 19%, which is no small feat. The most recent news from the company came in the form of its unaudited Q1 2022 financial results. In the results, the company saw its net revenue decline slightly, however, it stated that this was due to the pandemic. 

“During the first quarter of 2022, we continued to focus on our core strategy and maintain our leading position in the industry while preparing for the anticipated regulatory changes.

As the new regulatory framework has come into effect and detailed implementation measures have been released, we are proactively adapting our business to the new market environment by applying for the relevant licenses and developing qualified products that meet the requirements of the most recent national standards.”

The CEO of RLX Technology, Ms. Ying Wang

While this news was not ideal, it did bring shares of RLX stock down to lower levels. And as a result, its recent bullish momentum could be due to RLX being at value prices. Whether this makes RLX worth adding to your list of penny stocks to buy, is up to you. 

Penny_Stocks_to_Watch_RLX

Uranium Energy Corp. (NYSE: UEC) 

On June 27th, UEC stock saw modest gains however, it did post abnormally high volume. And because of this, many investors are keeping a close eye on it right now. The most recent update from the company came on June 22nd, when it announced its entrance into a definitive agreement with UEX Corporation. It stated that it would acquire all of the outstanding shares of UEX with a C$5 million private placement. 

This is big news for the company and should add to its large and growing business. If you’re not familiar, Uranium Energy is a uranium mining company. And, recently, we’ve seen heightened interest in alternative energy penny stocks. And although UEC is highly volatile, it is an interesting penny stock to watch. With this considered, does UEC deserve an addition to your watchlist or not?

Penny_Stocks_to_Watch_Uranium

Which Penny Stocks Are You Buying Right Now?

After a relatively flat day of trading, investors are looking for the best penny stocks to buy this week. That involves understanding what factors are impacting the stock market, and how we can use those to benefit.

[Read More] Penny Stocks To Watch: Why EVFM, AGRX, CYBN, HILS & AFIB Stock Are Moving

Although trading is not easy, there are plenty of ways to find penny stocks to buy in 2022. So, with this in mind, which penny stocks are you buying right now?

[reblex id='29520']

The post Hot Penny Stocks to Buy This Week? 3 For Your List  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

When bad news is good news

After the very sharp sell-off in the share market, the recent rally is indicative of a mood where bad news is good news. Specifically, the recognised slowdown…

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After the very sharp sell-off in the share market, the recent rally is indicative of a mood where bad news is good news. Specifically, the recognised slowdown in the English-speaking economies likely means the various Central Banks will not be required to increase official cash rates by the amount that most forecasters had assumed.

To reiterate, due to the tax via the increased prices for food, fuel, electricity and gas, combined with downward pressure on house prices from rising interest rates, plus the indebtedness of the Western world consumer, I am not nearly as pessimistic as most market commentators on the belated Central Bank tightening regime.  

Australia’s household debt to GDP ratio

And to summarise where we see the current environment:

  • While they maintain a 2-3 per cent inflation target – most Central Banks are late in their tightening cycle. They cannot risk cooling down economic activity too much within their levered systems without causing too much consequential pain.
  • The US S&P 500 Index has declined 23 per cent and this is discounting some fears of recession. Nevertheless, bottom-up analysts have yet to meaningfully move on the potential earnings downgrade cycle, given the severity of the slowdown, for Fiscal 2023.
  • 81 per cent of stocks listed on the NYSE are down more than 20 per cent from their 52-week highs, meaning we have experienced a broad-based sell-off. Many highly priced quality companies and smaller companies generally have been hit much harder.
  • The US Federal Reserve is likely to raise rates by 0.5 per cent at their next meeting in late-July 2022 to 2.0 per cent, and I expect another 0.25 per cent tightening thereafter.
  • Markets rely on liquidity and a change in the rhetoric on monetary policy from the US Federal Reserve is probably needed before we can be confident ‘the bottom’ is near.
  • Some commentors are looking for upcoming weakness in the hiring plans by small businesses – and that is expected to lead the unemployment rate by four months.
  • Keep a close eye on “Doctor Copper” – a key indicator of global industrial activity. After rallying from US$2.10/lb during the COVID-19 lows of March 2020 to US$5.00/lb in March 2022, the Copper price has since declined by 25 per cent to US$3.74/lb.
  • As with the Global Financial Crisis, stimulus from China will help offset some of the slowing we expect in Europe and the US and could assist with a pull-up effect for Australia.

You can read my previous article here: The size of the hangover usually corresponds with the size of the party

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