Group 1 - The newly merged company Paramount Skydance (PSKY.US) experienced a significant stock price increase, with a 37% rise in a single day and a cumulative increase of 48% over two days, reminiscent of the 2021 meme stock frenzy [1][4] - Despite a subsequent drop of over 4% on Thursday, the volatility has raised concerns among analysts, with Kutgun Maral noting that many traditional media stocks have not fully recovered from similar past surges [1][4] - Analysts, including Maral, express surprise at the stock's rapid rise, especially given the lack of recent financial outlook updates from the company, leading to a consensus rating of "hold" and an average target price of $12, indicating a potential 16% decline from current levels [4] Group 2 - Approximately 14% of Paramount Skydance's float is sold short, creating pressure on short sellers due to the stock's rapid price increase, which raises the risk of a short squeeze [4] - The proprietary "short squeeze risk" indicator from S3Partners LLC reached 100, indicating a significant increase in the risk of a short squeeze occurring [4] - Short sellers have incurred substantial losses, with a reported $324 million in losses over the past week, highlighting the concentrated nature of short positions in the stock [5]