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U.S. markets closed mixed on Monday and were trading slightly in the green in Tuesday's premarket, no thanks to an announced acquisition in the cannabis industry.
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The Globe and Mail Larry MacDonald Published February 12, 2021 It’s open season on short sellers these days. Once they were the hunters spreading fear of the Big Short among corporate executives, but now they are the hunted quarry fleeing the Big Squeeze that rank-and-file investors are laying down in Reddit forums and other social media. Just a few Canadian companies, notably BlackBerry Ltd.and members of the cannabis sector, have had their stock prices bid sky high by the Reddit crowd to pressure short sellers into buying back shares and close out positions. The short sellers are com...