I saw this [post ](https://www.reddit.com/r/Stocks_Picks/comments/1w4g8rg/a_completely_abandoned_ticker_thats_starting_to/)and did some poking around with google gemeni and I bought shares. Jerry Jones , owner of Dallas Cowboys, owns 65% of the shares, and they just announced a letter of intent with the State Oil Company of the Azerbaijan Republic (SOCAR) covering a proposed $1.65 billion asset transaction, alongside a separate drilling venture involving approximately $450 million in expected costs with a partnership owned by the family of majority stockholder Jerry Jones. Take a close look at the percentage, the short interest rate, and the number of days to cover the short position. Then look at the weekly chart.
Now take a look at what Gemeni gave me:
**Comstock Resources (NYSE: CRK)** displays several key characteristics of a **strong short squeeze candidate**.
While it is an established natural gas producer rather than a speculative "meme stock," its combination of **high short interest, a tight effective float, a high days-to-cover ratio, and massive news catalysts**creates a squeeze setup.
Short Squeeze Profile: Key Metrics
|**Metric**|**CRK Current Level**|**Typical Short Squeeze Threshold**|**Assessment**|
|:-|:-|:-|:-|
|**Short Interest (% of Float)**|**\~20% – 39%** *(varies by float calculation)*|\> 15% – 20%|**Very High**|
|**Days to Cover (Short Ratio)**|**\~7 to 16.8 Days**|\> 5.0 Days|**Extremely High**|
|**Shares Shorted**|**\~24.5M – 24.9M shares**|N/A|High absolute volume|
|**Insider / Locked Ownership**|**\~65%+ (Jerry Jones & Family)**|High concentration preferred|**Very Tight Effective Float**|
|**Primary Underlying Catalyst**|**$1.65B SOCAR Deal + Debt Reduction**|Fresh bullish fundamental catalyst|**Present**|
# Why CRK Meets Squeeze Criteria
# 1. Extremely Tight "True" Free Float
While CRK has roughly 287 million total shares outstanding, **Dallas Cowboys owner Jerry Jones and his family control roughly 65%+ of the total shares**. Because this majority stake is locked up with an insider, the **actual publicly traded free float is under 100 million shares**. As a result, the \~24.9 million shorted shares represent a significant fraction of all freely tradable shares.
2. Abnormally High Days-to-Cover (DTC)
With a Days-to-Cover ratio ranging between **7 and 16+ days** (depending on recent 30-day volume averages), short sellers cannot exit their positions quickly without bidding up the share price significantly. A DTC above 5 is usually considered vulnerable; a double-digit DTC creates severe liquidity bottlenecks for shorts.
# 3. Major Fundamental De-Risking Catalyst
A short squeeze usually requires a **spark** to force shorts to cover. CRK announced a major strategic shift:
* **$1.65 Billion SOCAR Asset Sale:** Sells non-operated working interests in its Haynesville assets to SOCAR, which will **cut CRK’s net debt in half** from $3.1 billion to approximately $1.5 billion.
* **$450 Million Drilling Joint Venture:** A JV funded by Jerry Jones’ family partnership to cover 80–85% of drilling costs for 27 new wells without issuing new shares or debt.
This cash injection directly undermines a core short thesis (that high debt and low natural gas prices would strain liquidity).
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