FAIRFIELD-SUISUN, CALIFORNIA
AMC John R 15 movie theater in Madison Heights, Mich. is closed due to COVID-19 infection rate spikes and has closed signs posted on the front doors on Nov. 21, 2020. (Kimberly P. Mitchell/Detroit Free Press/TNS)
In volatile market, Rocket stock is among the heavily shorted
The angry online mob that hopes to watch hedge funds endure a long and painful financial death could end up rattling everyday investors along the way.
If the movement gains more steam, it has a shot at impacting some names you might never imagine, maybe even a stock like Detroit-based Rocket, should traders move on from GameStop and other names to new heavily shorted stocks.
The angry online mob that hopes to watch hedge funds endure a long and painful financial death could end up rattling everyday investors along the way.
If the movement gains more steam, it has a shot at impacting some names you might never imagine, maybe even a stock like Detroit-based Rocket, should traders move on from GameStop and other names to new heavily shorted stocks.
Speculators will be trying to guess what the next GameStop or AMC Entertainment might be, according to Sam G. Huszczo, a chartered financial analyst in Southfield.
“What company could these crowd-sourced day traders target next?” he asked.
The rise in
GameStop Corp (NYSE:GME) has been one of the hottest stories of the year. The move comes as retail traders on Reddit, Robinhood and elsewhere are searching for stocks with large short percentages.
Here is a look at 10 heavily shorted stocks that have already followed in GameStop s footsteps. Short percentages come from highshortinterest.com.
AMC Entertainment: Next to GameStop, one of the most talked-about stock moves has been
AMC Entertainment (NYSE:AMC). The company has 69% of its float traded short. The movie theater company is well known and has been circulated on the WallStreetBets subreddit. The hashtag #SaveAMC has also trended on Twitter several times over the last few days. Shares are up 248% Wednesday.