Short Squeeze Penny Stocks to Buy Now? 4 to watch under $ 5
Penny stocks have acquired a reputation for defending the “wild west” of the stock market. In many cases, the underlying businesses are start-ups with a lot of growth to do. However, you can find opportunities in this niche if you know what you are looking for. You also can’t forget that there is a dynamic mix of high risk and reward for buying cheap stocks. Today we take a look at some of the more volatile: short squeeze penny stocks. Let’s explain ourselves.
Penny Stocks TL; DR Summary in 30 seconds
- Penny stocks are generally stocks traded for less than $ 5 by definition.
- Low prices make these assets very volatile and risky to trade. This is also one of the reasons traders seek to buy and profit from rapid price fluctuations.
- Short term stocks are becoming a popular topic as the potential rally can be explosive.
- Today we take a look at 5 short term stocks to watch out for that can be bought for under $ 5 right now.
What is so awesome short term actions? To understand this, you need to know a few things including what short circuit is and what short circuit is. So what is short circuit? In practice, this would be a bet against a company. When traders expect stock prices to go down, they want a way to profit. By selling short, these investors borrow stocks from their broker, sell them in the open market, and then buy them back at lower prices to pay off their loan. The important part to remember is that no matter what the price of a share, these are the shares that need to be returned.
What is a short press? This is where volatility hunters can have fun. If a short stock does not fall and rise instead, all traders who are short risk losing. This is because as the stock price rises, they still have to repurchase shares to repay their loan.
In a squeeze, short traders buying back stocks add to the generally bullish buying momentum of individual traders and effectively accelerate a breakout movement. In some cases you will see instances like we have seen with AMC, GameStop and many more. While there is no guarantee of such a massive spike, short cuts can trigger stock price movements well in ranges of 50% or even several 100%.
Short Squeeze Penny Stocks To Watch
- Lixte Biotechnology Holdings Inc. (NASDAQ: LIXT)
- SeaChange International Inc. (NASDAQ: SEAC)
- G Medical Innovations Holdings Ltd. (NASDAQ: GMVD)
- Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
1. Lixte Biotechnology Holdings Inc. (NASDAQ: LIXT)
Earlier this month, we discussed Lixte during a penny stocks list to look at. The company is developing drug candidates to treat cancer. At the time, it announced an important development with one of its pipeline treatments, the LB-100. It has been shown to increase the responsiveness of a particular cancer to immunotherapy.
In response, CEO John S. Kovach, MD explained, “Lixte recently initiated a clinical trial in patients with previously untreated extended stage small cell lung cancer in which LB-100 is first added to chemotherapy and an immune checkpoint blocker, then given with the immune blocker alone in the maintenance phase of treatment (NCT04560972). Lixte is interested in collaborative studies designed to determine whether LB-100 significantly improves the benefits of immunotherapy. Immune checkpoint blockers are now approved for the treatment of at least 20 types of cancer.
After profit taking at the end of last week, LIXT shares gained ground again on the stock market today.
Is LIXT Stock a candidate for short squeeze?
Looking at Fintel.IO’s short float percentage data, this biotech stock does not have a huge short float percentage (> 1%). However, this is a smaller market capitalization company with a lower free float and therefore could be another of the low floating penny stocks to watch right now.
2. SeaChange International Inc. (NASDAQ: SEAC)
SeaChange is another active penny stocks to watch this month. Recent attention has come after confirmation that the company will combine with the popular shorthand video app, Triller.
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The announcement came late last year with news that the deal could produce a combined company valued at around $ 5 billion. Specifically, this deal will bring TrillerVerz as a music, sports, fashion and entertainment app to the public. Users can connect with celebrities, with SeaChange providing video streaming technology for the platform.
With the deal expected to be finalized this quarter, all eyes are on SeaChange for further details.
Is SEAC Stock a candidate for short squeeze?
With a short float percentage of around 9.3%, SEAC shares are on this list of shares quoted in cents. It remains to be seen whether this is taken into account by traders this week. However, given the ongoing deal with Triller, SEAC could be one of the penny stocks to watch right now.
3. G Medical Innovations Holdings Ltd. (NASDAQ: GMVD)
Stocks of viruses remain at the heart of the market. New variants have also triggered increased volatility. G Medical specializes in telehealth and the supply of medical devices. In particular, its Prizma medical device has become a focal point of interest. It allows users to turn their smartphones into health surveillance devices to share vital and biometric data with healthcare providers. But it’s not telehealth technology that is making waves for GMVD stocks this week.
The company said its G Medical Tests and Services division has partnered with McDade Products to make millions of COVID-19 PCR test kits. According to the company, the first order of test kits is for 4 million units, which will cost roughly $ 3.25.
“With the abundance of new cases and the world struggling with a shortage of PCR testing, there is a tremendous opportunity to bring safety and relief to the global economy with significant financial benefit to our shareholders,” said Dr. Yacov Geva, President and CEO of G Medical Innovations.
Is GMVD Stock a candidate for short squeeze?
Based on a short float percentage of less than 1%, GMVD might not fall into the squeeze shot category, some traders believe. However, given its smaller market capitalization and market structure, it could remain one of the Low-floating penny stocks to watch out for after this news.
4. Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
Creative Medical has been in a perpetual uptrend over the past week, thanks to some active volatility and market speculation. There have been no further updates since the company moved from the OTC to NASDAQ. However, there are a few potential catalysts on the lookout, and I think they’ve played a role recently.
In particular, Creative’s stroke candidate ImmCelz may have become a bigger target. Data released earlier in the last quarter showed an ability to “reprogram” immune cells. “The data disclosed today suggests the ability of ImmCelz ™ to achieve superior results in a manner that lends itself to safe, scalable and rapid clinical translation,” said Dr. Camillo Ricordi, member of the Scientific Advisory Board of the society.
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The important thing to note with these developments is that ImmCelz ™ has already shown its effectiveness in animal models of autoimmunity and currently has a pending investigative new drug application filed with the FDA to treat victims of the disease. ‘Stroke. As the market waits for more clarity on the timing, momentum has picked up this month.
Is CELZ Stock a candidate for short squeeze?
We can see that CELZ stock has no massive short interest. However, that does not mean that it is written off entirely. The data shows a short float percentage of 7.78%. Given that its current stock structure is much smaller, with less than 10 million shares outstanding, this could be something traders are keeping in mind at this time.
Are penny stocks worth it? They present a very high risk and can fall quickly. However, with the potential reward so high as well, the first step in deciding if they are worth the stress is knowing how to trade, in general. If you’re new to penny stocks, take a look at some of the beginner’s articles below to get you started:
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