Top Stories

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

0


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…



Source cnbc.com

Bitcoin (BTC) price hits a record high of nearly $50,000

Previous article

Retailers see sales rebounding, eventually. But outlooks remain murky.

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories