Short Squeeze Candidate #1: Cerner (CERN)
Click to Enlarge Healthcare has been in the air lately with the implementation of the Affordable Care Act. The uncertainty surrounding the changes in legislation has traders betting against a number of companies, including Cerner (CERN).
Despite trading near all-time highs, short sellers have been hammering this healthcare information systems company. Current short interest for CERN stock stands at 22 times its average daily volume, setting up a nice short squeeze possibility.
Expect to see the shorts’ resolve start to break as CERN stock cracks the $60 level, sparking a short squeeze.