7 Short Squeeze Stocks to Look Into for Your Portfolio
GameStop(GME) MarketBeat·2024-06-27 13:00
In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. NYSE: GME. The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were forced to cover their short positions to prevent huge losses.GameStop shares rallied from under $5 to over $80 (split-adjusted) in just under three weeks, igniting sympathy rallies in other heavily shorted stocks like A ...