5 Best Short Squeeze Stocks To Buy Now

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In this piece, we will take a look at the five best short squeeze stocks to buy now. To find out more about why short squeeze stocks can be a dangerous endeavor, check out 13 Best Short Squeeze Stocks To Buy Now.

5. Encore Wire Corporation (NASDAQ:WIRE)

Year to Date Share Price Performance: 15.02%

Float Short: 22.76%

Number of Hedge Fund Investors In Q4 2023: 30

Encore Wire Corporation (NASDAQ:WIRE) is an industrial equipment company, which, as the name suggests, makes and sells wires. The firm has managed to hold the financial front as of late since it has beaten analyst EPS estimates in three out of its four latest quarters.

During Q4 2023, 30 out of the 933 hedge funds surveyed by Insider Monkey were Encore Wire Corporation (NASDAQ:WIRE)’s shareholders. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the largest stakeholder through its $67 million stake.

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