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Technology Stocks : Nikola Corp
NKLA 0.0297-1.0%Nov 11 9:30 AM EST
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From: kidl7/10/2020 6:58:02 AM
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S3 said in a report Thursday that both Tesla and Nikola Corp. shares look like candidates for a short squeeze, referring to when short sellers are forced by a stock’s gain to close their position, which in turn drives the price even higher.

Tesla’s squeeze is more obvious -- its 233 per cent gain this year likely is forcing out short sellers who’ve hit their limit for losses. The potential for a squeeze in Nikola, which is developing fuel-cell and battery-electric semi trucks, has more to do with high borrowing fees, S3 said.


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