Short Squeeze Target #2: Host Hotels & Resorts (HST)
Click to Enlarge Travelers are hitting the road again as evidenced by expectations for higher airline travel in 2014. That bodes well for Host Hotels & Resorts (HST), a real estate investment trust (REIT) that focuses on the operation of luxury hotels — a business that will clearly benefit from continued increases in travel.
HST has bested earnings expectations by an average of 8.5% over the last year on improving sales figures. With short sellers holding positions that are six times the average daily volume, we should expect to see a covering rally when the stock breaks above $20 which serves as a psychologically significant level as it is a round number and the site of the 2011 highs.