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These are heavily shorted stocks, but the businesses have excellent long-term potential.
While the prospect of a short squeeze all by itself isn't a great reason to invest in a stock, the combination of short-squeeze potential and a solid long-term business opportunity can be very interesting. In this video, I'll discuss three stocks -- all of which have 30% short interest or higher -- that could be big winners for long-term investors.
*Stock prices used were the afternoon prices of March 25, 2024. The video was published on March 26, 2024.
Matt Frankel has positions in Lemonade and Upstart and has the following options: short April 2024 $37.50 calls on Upstart. The Motley Fool has positions in and recommends Lemonade and Upstart. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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