The recent rally off the June 16 lows (S&P 500 +5.36%, Nasdaq +7.57%, Russell 3000 +5.42%) has made some crowded shorts more squeezable. We have seen the number of highly squeezable stocks in our Squeeze metric since June 15 more than double, and our average squeeze score has increased by over 250% (from 12.22 to 31.48). The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks.
