Short interest in Trump Media & Technology Group has increased by 31% following a recent $6 billion merger announcement, indicating some traders expect the stock to decline after a significant rally, with short bets totaling about $218 million.
Shares of Beyond Meat surged nearly 300% this week amid social media-driven speculation and high short interest, marking a potential new meme-stock rally despite ongoing financial struggles and declining sales, with investors optimistic about strategic moves like debt reduction and new retail partnerships.
Plug Power's stock surged 24% after H.C. Wainwright raised its price target to $7, citing rising electricity prices and the potential for green hydrogen to become more cost-competitive, despite mixed analyst ratings and high short interest that could lead to volatile price movements.
The article discusses three stocks—Airsculpt Technologies, Children's Place, and Zenas Biopharma—that have high short interest and potential for a short squeeze, highlighting their market caps, recent performance, and analyst ratings, suggesting they could be the next meme-stock sensations.
Shares of heavily shorted companies like Krispy Kreme and GoPro surged significantly in premarket trading, continuing the meme stock revival driven by retail investor interest, with high call volumes and social media activity highlighting a volatile market trend.
Kohl's stock nearly doubled in a day, driven by online trading forums like Reddit's Wall Street Bets, making it a 'meme stock' with high volatility and significant short interest. An executive sold shares during the surge, but trades were executed under a pre-established plan. The phenomenon resembles past meme stock events with short-term trading spikes unlikely to impact Kohl's long-term prospects.
Opendoor Technologies experienced a highly volatile trading day, with shares surging over 120% at peak before falling back, driven by meme-stock trading dynamics, record trading volume, and high short interest, amid renewed retail investor interest and speculation.
Opendoor Technologies is experiencing a surge in stock price driven by social media interest and retail investors, reminiscent of meme stocks like GameStop, but faces challenges due to declining home sales, high mortgage rates, and significant short interest, which could lead to volatility.
Despite challenges in the tech sector and high short interest, Super Micro Computer, an IT hardware company, surged 206 spots on the Fortune 500 list in 2024, driven by strong revenue growth and strategic positioning in AI, cloud computing, and data center infrastructure, indicating potential for continued market cap increase despite skepticism from short sellers.
Super Micro Computer's stock rose 7.3% to $43.02, ending a five-day losing streak amid high volatility and investor caution due to recent financial and regulatory concerns. Despite a strong monthly gain driven by AI-related data center investments, the stock remains highly volatile with significant short interest, reflecting ongoing investor uncertainty about its future performance.
AMC Entertainment's shares rose 4.1% on Monday, marking its longest winning streak since December 2023, with short interest at 10.91% of public float. The movie-theater chain, known as a meme stock, has recently hit record lows but rallied last week with a 10.9% gain. AMC's CEO expressed frustration over the stock's decline, as it has fallen 89% in the last 52 weeks compared to the S&P 500 index's gain of 21.4%.
Short interest in the "Magnificent Seven" - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla - has reached an all-time low on Wall Street, with short positions accounting for only around 1% of the group's aggregate market capitalization. The combined market capitalization of these companies is nearly $11.3 trillion, with Apple being the most valuable. While some analysts question the stretched valuations of these megacap names, others believe they can continue to outperform due to strong balance sheets, prospects for earnings growth, and their significant contribution to the S&P 500's appreciation.
US regional banking stocks are experiencing heavy losses following the failure of First Republic Bank, with PacWest Bancorp dropping 14% in premarket trading and Western Alliance Bancorp falling 7.8%. Short interest in the SPDR S&P Regional Banking ETF has risen to 96% from 74% a week ago, adding to pressure on shares. Former Federal Reserve Bank of Dallas President Robert Kaplan has called on policymakers to pause their rate-hike campaign given the banking crisis may be far from over. The situation may be "more serious than we currently understand," he said.