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Why a fast food stock could be Wall Street’s next short squeeze


The stock of Jack in the Box could soon live up to its name.

Rising short interest in shares of the West Coast-based fast-food chain appears to be setting the stock up for a short squeeze, Danielle Shay, director of options at Simpler Trading, told CNBC’s “Trading Nation” on Friday.

“I like Jack in the Box here, but for a short-term options trade,” Shay said.

Though the stock is not far off its all-time highs, which would usually preclude Shay from buying in, she made an exception on account of the unusual activity. Jack in the Box currently has 9.2% short interest, according to FactSet.

“With something like this that has short interest, it does have the potential for a short squeeze and it…


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