5 Best Short Squeeze Stocks to Buy Now

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1. Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Number of Hedge Fund Holders: 14

Short Interest as of September 14: 104.15%

Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock recently experienced a massive boost induced by a short squeeze, but shares plummeted harshly as investor Ryan Cohen dumped his entire stake in the company. High short interest and a rally driven by retail investors led the stock to a five-month high of $30 by 17 August, 2022. However, it is trading under $10 now. Redditors are backing the stock still and they seem ready to overpower short sellers. Bed Bath & Beyond Inc. (NASDAQ:BBBY) is one of the best short squeeze stocks to buy now. 

On September 30, Odeon Capital analyst Alexander Arnold upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to Hold from Sell with an unchanged price target of $7.50. There were “no real surprises” in the company’s fiscal Q2 results and while the analyst contended that Bed Bath & Beyond Inc. (NASDAQ:BBBY) is “not out of the woods just yet,” things “appear to be moving in the right direction.” 

According to Insider Monkey’s data, Bed Bath & Beyond Inc. (NASDAQ:BBBY) was part of 14 hedge fund portfolios at the end of June 2022, compared to 15 in the last quarter. Ken Griffin’s Citadel Investment Group is the largest shareholder of the company, with 2.30 million shares worth $11.45 million. 

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