Other so-called "stonks" - an intentional misspelling of 'stocks' - favored by retail traders on sites such as Reddit's WallStreetBets, also shot higher. Some Twitter users pointed to an activist investor's tweet of an ice cream cone picture. Others cited factors including a reshuffling of top executives and options trading. Fewer than 18 million GameStop shares were shorted as of Tuesday, down from over 70 million in early January, according to S3. Some said options trading may have amplified the move.

Source: Mint February 25, 2021 03:21 UTC