3 Explosive Stocks with High Short Interest
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3 Explosive Stocks with High Short Interest
"With a short interest of 19.68%, shares of IREN are still exploding higher. Since bottoming out at $50, IREN is now up to $67,75. As noted in an IREN press release, "Under the agreement, IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately $9.7 billion, including a 20% prepayment. IREN has also entered into an agreement with Dell Technologies to purchase the GPUs and ancillary equipment for approximately $5.8 billion.""
"Bloom Energy (NYSE: BE): With a short interest of about 18%, Bloom Energy has been explosive. Since finding support at $90, it's now up to $142.37 and could rally to higher highs. Fueling upside, Bloom posted better-than-expected earnings, as it continues to see strong demand for its fuel cells and data center deals. In addition, JPMorgan has an overweight rating on the stock with a price target of $129, noting that Bloom is benefiting from data center demand."
High short interest can signal elevated risk and the potential for a short squeeze when heavily shorted shares rally sharply. IREN shows a 19.68% short interest and has climbed from about $50 to roughly $67.75 after securing a near $9.7 billion agreement with Microsoft that includes NVIDIA GB300 GPU access and a related Dell purchase deal. Bloom Energy carries about 18% short interest and has moved from $90 to $142.37 on stronger-than-expected results and rising data-center and fuel-cell demand, supported by JPMorgan and Evercore overweight ratings. Kohl's retains roughly a 31% short float and has rebounded from near $10.25 to about $16.43.
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