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5 Heavily Shorted Stocks to Watch Carefully

InvestorPlace Logo By Ian Cooper of InvestorPlace | Slide 1 of 6: Short-covering has become one of the hottest buzzwords of the year after Reddit forum, WallStreetBets, drove a monster rally in heavily shorted shares of Gamestop (NYSE:GME) from $11 to $483 in days. “Rising short interest can be a red flag for investors that something is seriously wrong with a company. However, it can also set up a stock like GameStop for a major short squeeze. A short squeeze is a large, short-term spike in a stock's share price triggered when a large number of its short sellers are forced to exit their positions all at once by buying shares of stock,” as pointed out by U.S. News & World Report contributor Wayne Duggan.            7 Restaurant Stocks Worth a Visit          In fact, here are some of the top, most shorted stocks to keep an eye on.  Blink Charging Co. (NASDAQ:BLNK)  Arcimoto Inc. (NASDAQ:FUV)  Second Sight Medical Products Inc. (NASDAQ:EYES)  Root Inc. (NASDAQ:ROOT)  Ontrak Inc. (NASDAQ:OTRK)

Short-covering has become one of the hottest buzzwords of the year after Reddit forum, WallStreetBets, drove a monster rally in heavily shorted shares of Gamestop (NYSE:GME) from $11 to $483 in days. “Rising short interest can be a red flag for investors that something is seriously wrong with a company. However, it can also set up a stock like GameStop for a major short squeeze. A short squeeze is a large, short-term spike in a stock's share price triggered when a large number of its short sellers are forced to exit their positions all at once by buying shares of stock,” as pointed out by U.S. News & World Report contributor Wayne Duggan. In fact, here are some of the top, most shorted stocks to keep an eye on. Blink Charging Co. (NASDAQ:BLNK) Arcimoto Inc. (NASDAQ:FUV) Second Sight Medical Products Inc. (NASDAQ:EYES) Root Inc. (NASDAQ:ROOT) Ontrak Inc. (NASDAQ:OTRK)
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