2 Min Read MILAN (Reuters) - European shares caught up in last week’s squeeze on hedge funds’ short positions have mostly fallen back from their highs, in a sign local retail investors lack the clout of their counterparts in the United States. FILE PHOTO: A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo Shares of U.S. videogame retailer GameStop skyrocketed last week as social media-driven investors piled into the stock and forced hedge funds to buy back shares they had borrowed to bet on the stock’s decline.