10 Best Short Squeeze Stocks to Buy According to Analysts

3. indie Semiconductor, Inc. (NASDAQ:INDI)

Short % of Float: 29.75%

Number of Hedge Fund Holders: 22

Analysts Upside Potential: 199.1%

Headquartered in Aliso Viejo, California, indie Semiconductor, Inc. (NASDAQ:INDI) carries on the business of developing system-on-chip (SoC) solutions for automotive applications, including advanced driver-assistance systems (ADAS), user interfaces, and in-cabin monitoring. The company sets itself apart from its competitors by specializing in automotive-grade mixed-signal semiconductors for smart vehicles. Having established business in the U.S., Canada, England, Japan, South Korea, and China, among others, the company focuses on power efficiency and integration to sustain its position in the market.

As of February 28, 2025, indie Semiconductor, Inc. (NASDAQ:INDI)’s short interest stands at an elevated 29.75%, placing it in prime short-squeeze territory. Though the company’s operating loss has increased during the fourth quarter of 2024, some of its advancements in business operations suggest strong growth. For instance, front sensing and interior monitoring design and multichannel applications like eMirror have garnered attention from South Korean and Chinese OEMs. The improvements have the potential to translate positively in the market, which made the company also part of our 10 Best Semiconductor Penny Stocks.

Strong investor confidence can be recognized with 22 hedge funds backing indie Semiconductor, Inc. (NASDAQ:INDI) and a consensus Buy rating. Analysts project a staggering 199.15% upside, setting a price target of $7 compared to the current $2.34. With such growth potential alongside the high short percentage, short sellers may scramble to cover, leading to significant price appreciation.