The Short Squeeze Continues - GME, AMC, EXPR, OTRK, KOSS, LIVE

Meme stocks had another good day with round 2 of the short squeeze in full force. GME increased 27% and OTRK increased 13% to $28.49 with an additional 10% rise to $31.40 after hours after the company released a financial update.  Here's a chart of the hottest meme stocks and short squeezes:










Data was grabbed from Yahoo Finance. We see that short interest as a percentage of the float remains high for GME at 60.35%, highlighting its continued potential to squeeze. Next highest on the list is OTRK with 30.21%. It's actually much higher than other meme stocks like AMC and EXPR. With the strong positive reaction to the financial update, we expect this to compound the short squeeze potential. WSB is currently restricting posts on OTRK due to the $1 billion market cap rule, but other stocks with smaller market caps like EXPR get mentioned all the time. We think that the mods behind the group are trying to downplay OTRK so it doesn't run so much and they can load up cheaply before they let OTRK turn into a meme stock like the others. 

LIVE remains a dark horse play. The short interest is low, but it doesn't really need short interest because of its extremely small float of only 1.27 million shares. KOSS has always had a low short interest but that didn't stop the stock from running to over $100 from $10. LIVE's float is less than half of KOSS. Also LIVE is the only one in the group that has earnings and a P/E ratio. Most P/E ratios are around 20 so LIVE being at only 5 makes the stock four times undervalued. We think it can reach $100 to come more in line with average P/E ratio numbers. 

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