Retail investors have taken a particular interest in potential short-squeeze stocks ever since the onset of the coronavirus pandemic. At that time, meme stock favorite GameStop (NYSE:GME) squeezed to unimaginable levels, wreaking havoc on Wall Street investors with short positions. Notably, the events of GME caused multibillion hedge fund Melvin Capital to post a decline of 53% during January of 2021. In May of 2022, the hedge fund disclosed that it would be shutting down.
Meanwhile, the topic of naked short selling drawn attention during the past weeks following Genius Group’s (NYSEMKT:GNS) announcement it would create an Illegal Trading Task Force. The task force will be led by former FBI Deputy Director and Genius Director Timothy Murphy and will investigate alleged market manipulation of GNS stock. Shares of GNS stock have increased by more than 350% during the past five trading days.
MarketBeat tracks companies with the highest short interest and updates its list regularly. Let’s take a look at the top five short interest stocks as of Dec. 30:
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Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace’s Today’s Market team, which centers on the latest news involving popular stocks.
The post Short Squeeze Stocks: 5 Stocks Wall Street Really DOESN’T Want to Win appeared first on InvestorPlace.
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