Shortable Stocks is a pretty unique site in that it offers a lot of information about short positions in individual stocks. It's also accessible to the common person since, let's face it, it's downright cheap. At the risk of angering the moderators maybe I should say it's very affordable. Anyway, there are several tools you can use in combination to hone in on the next big short squeeze meme stock. The first is obviously their short squeeze score. They don't share their secret sauce, but I can tell you it is rather sophisticated. Bed Bath and Beyond (
BBBY), for example, was near the top of their list BEFORE it squeezed. So I would say start with their list of the top 500 short squeeze stocks. Then, you can look for trends with the fee rate and short borrow availability. The fee rate is the annualized interest rate that you get charged to hold a short position. A higher fee rate makes it more expensive to hold. Borrow availability is simply the number of shares available to short at any given time. The numbers here are a good proxy for the market as a whole. When the borrow availability gets low, well, look out! And when it gets to zero the existing shorts have to resort to all kinds of chicanery to keep the stock price down. I also watch the individual short sale transactions to see what type of short sales they are. I feel it is more meaningful when the majority of the short sale transactions are not just market makers. Also, short volume trends are important as they can signal when there is a concerted effort to keep a stock price down.