Vinco Ventures (NASDAQ:BBIG) stock could be the next target of a major short squeeze if one analyst is pegging it right. That comes as meme stocks start to lose out on a rally that began earlier this week. With it dying down, retail traders are likely already looking for their next short squeeze targets and that could include BBIG stock.

short-squeeze stocks illustration of a person wringing out a business man on a yellow cartoon backdrop with dollar bills falling

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Vinco Ventures is a selective acquisitions company that seeks to buy digital media and content technologies companies. Its goal is to grow its business by making acquisitions that set it up with growth opportunities.

Will Meade is the analyst behind today’s prediction. Meade is a former hedge fund manager and often takes to Twitter (NYSE:TWTR) to share his investment insights. That’s where today’s talk about BBIG stock comes from.

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If $BBIG can get near $5 it will set off an epic short squeeze because the open interest is so bullish 316,000 calls to just 7443 puts. That means market makers are short a whole lot of $BBIG stock which they will have to cover when $BBIG gets close to $5

— Will Meade (@realwillmeade) June 4, 2021

Meade doesn’t stop with just one Tweet referring to BBIG stock as having “epic short squeeze” potential. Another one highlights that the stock is now considered “hard to borrow.”

BBIG stock is seeing heavy trading today. As of this writing, more than 44 million shares of the stock have changed hands. That’s a massive jump compared to the stock’s average daily trading volume of 5.1 million shares.

BBIG stock was up 20.9% as of Friday morning and is up 221.6% since the start of the year.

There’s plenty of other stock news worth looking into today as well.

That includes what has shares of Churchill Capital (NYSE:CCIV) on the move, why crypto isn’t doing so hot, as well as what else to expect from the market on Friday. You can get up to speed on these stories at the links below.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed

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