Southern Copper Appears on 16-Stock List for Potential Short Squeeze
Southern Copper Corporation is one of 16 stocks flagged for elevated short interest as of the Feb. 15 reporting period, with bearish positions potentially sitting at unrealized losses. Loss estimates were derived using year-over-year short interest reports and two-week pre-entry average prices, suggesting possible covering pressure ahead.
1. Inclusion in Short Squeeze Screen
Southern Copper Corporation was identified among 16 names in a screen targeting stocks with sizable bearish bets. Data from the Feb. 15 reporting period showed SCCO’s short positions grew significantly against its two-week prior average price.
2. Methodology for Loss Estimates
Analysts estimated potential losses by comparing current short interest figures to the average share price during the two weeks before those positions were added, using year-over-year short interest reports.
3. Implications for SCCO Stock
If short sellers face mounting unrealized losses, they may be compelled to cover by buying shares, which could trigger sharp price spikes and elevated trading volumes in SCCO.