From AMC to Bed Bath & Beyond, the market's most-shorted stocks are rallying as Reddit day-traders pile in

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A short squeeze is when short-sellers are forced to buyback the stock to close out their losing positions, boosting demand for the stock in question.

BlackBerry is up as much as 214% year-to-date at Monday's intra-day high, with a mid January spike sparked byShares are up more than 100% over the past week.

AMC Entertainment is up as much as 130% year-to-date at Monday's intra-day high. The stock surged as much as 39% on Monday after the movie theater chain said itwhich will help it avoid bankruptcy and extend its cash runway well into 2021. Bed Bath & Beyond is another heavily shorted stock that jumped as much as 58% on Monday on no apparent news besides a price target increase from Loop Capital. The home furnishing retailer has jumped as much as 169% year-to-date at Monday's intra-day high.

Besides being stocks with high short interest and uncertain fundamentals, all have been mentioned on the WallStreetBets forums by users who were buying shares in recent weeks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hey GraceRandolph have you been following this? And is there any way you can do an explainer?

Wall Street needs more than a foot in it's ass.

£*(()£¥78£¥¥8£€€¥¥£8£¥¥76¥€¥77¥£¥())0

HODL!!!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines