Memo to Meme Raiders: Squeezable Stock Shorts Are Taking Cover
- The number of heavily shorted shares has fallen sharply
- Latest squeeze seen ‘localized’ to meme, low contagion risk
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It doesn’t seem like it, with bear raids breaking out everywhere and hoisting names like AMC Entertainment Holdings Inc. and Clover Health Investments Corp. to the moon and beyond, but the opposition is getting wise to the ploy.
While dismantling positions that may have taken years to build takes time, data show the number of extremely ripe targets for short squeezes has fallen precipitously in the U.S. stock market since winter.