![]() The meme stock has been on a tear since early May, more than doubling in a matter of weeks. ![]() After trading as high as $28 during the peak of the Reddit trading craze in April 2021, Microvision shares have dropped all the way back down to less than $5. Microvision is developing a lidar sensor for autonomous vehicles and has been a WallStreetBets favorite since early 2021. The bank’s short interest is 22% of its float. Short sellers may be betting Republic First is the next domino to fall. Republic First shares are down 43.7% so far in 2023 through June 1, with much of that sell-off taking place since the collapse of Silicon Valley Bank triggered a regional banking crisis and spread fears of contagion within the industry.ĭeposit runs also took down Signature Bank and First Republic Bank, and investors are concerned about rising interest rates inflicting heavy losses on bank loan portfolios. retail bank headquartered in Philadelphia. Republic First Bancorp is a regional U.S. EVgo’s short interest has since grown to 31% of its float, or free-trading shares. In June 2022, short seller Fuzzy Panda Research said EVgo shares were still overvalued, alleging problems with broken chargers, low network utilization and “questionable” corporate partners. The stock peaked at $19.59 in November 2021 but has since traded all the way back down to around $4. EVgo went public via a special-purpose acquisition company, or SPAC, merger in July 2021, and its shares opened at around $15 following the merger. ![]() ![]() Here are nine stocks primed for the next big short squeezes, according to Ortex Analytics: StockĬharging technology company that short sellers have targeted aggressively. A short squeeze is a large, short-term spike in a stock’s share price that occurs when a significant number of short sellers are forced to buy shares and exit their positions all at once. In 2021, groups of online stock traders on Reddit made headlines by orchestrating targeted buying campaigns to trigger short squeezes in some of the market’s most heavily shorted stocks. Short squeezes have been among the most popular and controversial topics on Wall Street in the past couple of years.
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