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2 Short Squeeze Stocks That Rallied More Than 60% Last Week -Breaking

by Mike Robinson

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© Reuters. Two Short squeeze Stocks that Rallied More than 60% in the Last Week

Many short squeezes occurred in the stock markets this year. The most prominent was the GameStop short squeeze (NYSE:) at the start of the year. The shares of Avis Budget Group (NASDAQ:) and Bed Bath & Beyond (BBBY) rallied more than 60% in price last week. So, we think it could be worth adding these stocks to one’s watchlist. Keep reading. A short squeeze occurs when short-sellers are undervalued.

There have been many short squeezes this year, with the most prominent being the GameStop Corporation’s (GME), short squeeze in the first half of the year. However, GME’s rally was short-lived owing to its bleak fundamentals.

Avis Budget Group, Inc. (CAR) and Bed Bath & Beyond Inc. (BBBY) currently possess high short interest, and it appears that retail traders have started squeezing the short-sellers because these two stocks rallied more than 60% in price last week. We believe it is worth considering adding these stocks as a watchlist.

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