Nokia Stock Pops Over Big Resistance: Is A Short Squeeze Next? Even though Nokia has a massive 4.64-billion-share float, it was targeted alongside GameStop Corporation (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC) in January in an epic short squeeze. Although Nokia’s big squeeze only lasted a single day, its share price skyrocketed 106% on Jan. 27 before falling back to earth Jan. 28. Over the month of May, Nokia’s stock price has been creeping up, and traders may be wondering if another squeeze is in the cards. As of May 14, Nokia had 33.28 million shares held short as opposed to the 28.23 million shares held short on April 15.