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Wall Street’s next short squeeze could be in this fast food stock, trader says

February 15, 2021


The stock of Jack in the Box could soon live up to its name.

Rising short interest in shares of the West Coast-based fast-food chain appears to be setting the stock up for a short squeeze, Danielle Shay, director of options at Simpler Trading, told CNBC’s “Trading Nation” on Friday.

“I like Jack in the Box here, but for a short-term options trade,” Shay said.

Though the stock is not far off its all-time highs, which would usually preclude Shay from buying in, she made an exception on account of the unusual activity. Jack in the Box currently has 9.2% short interest, according to FactSet.

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