DNUT - Chewy First Solar make Piper Sandler's top 20 short squeeze list: Alpha Tactics
gguy44/iStock via Getty Images Piper Sandler Technical Market Strategist Craig. W. Johnson issued his July Alpha Alignment Report, which screens 900 stocks for a host of fundamental and technical factors. Along with the headline Alpha Alignment Index, the report also screens for an equal-weighted Short Squeeze Index for the third quarter. The 20 short-squeeze candidates are "based on Piper Sandler covered stocks that are exhibiting improving technical strength or evidence of a bottom, a Neutral or Overweight rating, and elevated short interest relative to their equity float," Johnson writes. The stocks must also have a market cap of more than $750M. A name that stands out from the full list (below) is Chewy, whose founder Ryan Cohen is now GameStop's (GME) chairman and who once tweeted a picture of a McDonald's ice cream cone that was pointed to as a trigger for a second squeeze in GME. Cohen's involvement in
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Chewy, First Solar make Piper Sandler's top 20 short squeeze list: Alpha Tactics