FSLY - Fastly CyberArk named as GameStop style short-squeeze candidates at D.A. Davidson
Reddit investors have driven a meteoric rise for GameStop shares. D.A. Davidson analyst Rishi Jaluria taps Fastly (FSLY), J2 Global (JCOM), CyberArk (CYBR), and SailPoint (SAIL) as stocks that could become "the next GME."The analyst says the companies are all "attractive short-squeeze candidates" due to the strong underlying fundamentals and relatively high levels of short interest.Fastly's short interest sits at about 16% of the float. Jaluria expects a strong Q4 report next month due to the continuing "stay home" tailwind."Jaluria also expects JCOM to display Q4 strength in February due to the "recovering economic backdrop."SailPoint has "one of the highest" short interests in security, and the company could be a short-squeeze candidate if the Q4 results and guidance in late February show strong demand as expected.CYBR also has strong short interest outstanding with "presumably very strong demand trends," writes the analyst.Movements: FSLY +4%, SAIL -7%, CYBR -3%.Background: Short interest and gamma squeezes: How GameStop’s breakneck rally
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Fastly, CyberArk named as GameStop style short-squeeze candidates at D.A. Davidson