Ichor Holdings Ltd. (ICHR) saw its stock price soar 5.01% during Friday's intraday trading session.
The surge comes after a quantitative screening process identified ICHR as one of several AI-related equities showing improved fundamentals while carrying significant short interest, suggesting potential for a short squeeze.
Such screenings often draw attention from traders looking for stocks with upside potential when positive fundamentals collide with high short interest, which can trigger rapid price appreciation as short sellers cover their positions.