BATL (Battalion Oil) looks like it may experience a short squeeze soon (if it is not already in the middle of experiencing one). Its short interest is 28.49%.
It's up 20% today, with oil being up 5.2% since 9:30 AM EST. I am not going to pretend like it's a good company. Its sales have declined, it's not profitable, and all around there is nothing impressive about its financials.
However, if the war in Iran intensifies and the price of oil continues to rise, BATL may rise violently. At the end of February, right after the United States and Iran went to war, BATL rose 400%. It's already up a lot today with the war in Iran having started up again and oil rising.
Something different about this time that bodes well for BATL is that oil looks to have the potential to rise even more than it did a few months ago. TLDR news explains this in a recent video (I can't include the link here). His three points for thinking this are
1. "The war in Iran has apparently restarted and the global oil market is more fragile than it first appears.
2. The events over the past week or show strongly suggest that Trump has decided the cost of chickening out and accepting an embarrassingly one sided deal outweigh the midterm and stock market related cost of relating the war.
3. There is another war wrecking havoc with the energy markets at the moment, namely the war in Ukraine, where for the past month or so, Ukraine has been striking Russia's energy infrastructure."
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