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German retail investors catch cannabis trading frenzy


5 Min Read
(Reuters) - Shares of red-hot cannabis firms plunged by more than one-third on Thursday, marking another short-lived squeeze of short sellers by retail investors aiming to benefit from an expected push to decriminalize marijuana under U.S. President Joe Biden.
FILE PHOTO: Cannabis plants grow inside the Tilray factory hothouse in Cantanhede, Portugal April 24, 2019. REUTERS/Rafael Marchante
Despite gains in premarket trading as European retail investors piled in to the rally, U.S.-listed shares of Tilray Inc and Aphria Inc, the two biggest holdings in the ETFMG Alternative Harvest ETF, closed down 49.7% and 35.8%, respectively. Tilray had soared more than 148% while Aphria has surged nearly 58% this week through Wednesday’s close. ....

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Betting on Biden? Reddit fuels fresh surge in cannabis stocks

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Europe's 'long the short' trade cools down


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. ....

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