ToughBuilt Industries Inc (TBLT)

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More news: WEEEEEEEJuly 25, 2022 10:19 AM ET (BZ Newswire) -- Cryptocurrency
Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.

A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy back the shares they initially borrowed at a higher price.

A squeeze can occur when short sellers are forced into buying to cover their position, which can cause shares to move up on many occasions.

Fintel Data, which requires a subscription, provides a look at several of the top shorted stocks and how likely a short squeeze is to occur. Here’s a look at the top five short squeeze candidates for the week of July 25.

ToughBuilt Industries: Home improvement and construction product company ToughBuilt Industries (NASDAQ:TBLT) tops the short squeeze leaderboard for the week. Data shows 132.1% of the float short and a cost to borrow of 248.9%. Shares of the company went from $3 to $9 last week and could see short interest continue to rise with the recent increase in the share price.