Among my high short interest scans lies a lesser known stock going by the symbol $PRAA, PRA Group Inc. Finding stocks with a high short interest that aren’t nearing overbought territory is becoming rare in this market environment, but I think PRAA has potential.
Sporting 18% of the float short, and a serious volume pocket just above current price levels, I can’t ignore the attractive risk reward here.
Just above $41 should get to $50 quickly. I am stalking a July 42.5 or 45 strike entry and you can bet to find that among the OmahaCharts option Treasure Chest for July expiry.
OC