© Reuters.3 stocks with high short interest that I bought this summer
As the trend of retail traders betting on stocks based solely on social media hype continues, several stocks with high short interest may see short squeeze in the coming months. VMware (NYSE:), Continental Resources (NYSE:) and Macy’s () are examples of names that have high-altitude interest and are being discussed on social media. Therefore, we believe that these stocks may rebound strongly in the short term. continue reading.The short-term squeeze wave that swept the stock market earlier this year propelled a soaring rally Game stop company (NYSE:) and AMC Entertainment Holdings, Inc. () and other memetic stocks. The retail transaction boom continued until this summer.according to Morgan Stanley (NYSE:), retail traders account for 10% of US stock trading volume.
With the improvement of advanced technology and the use of zero-commission trading platforms, retail traders are expected to have more control over the market. They bet on stocks that are heavily discussed on several social media platforms such as Reddit because of their high short interest. Benefiting from the short squeeze of these stocks is the main goal of these investors.
VMware, Inc. (VMW), Continental Resources, Inc. (CLR) and Macy’s, Inc. (M) currently hold a lot of short interest. Although this shows that institutional investors are pessimistic about them, they may become the target of retail traders trying to facilitate a short squeeze. Therefore, we think it might be a wise move to buy these three stocks now.
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