Investors looking for other stocks that might fit that mold will find nearly 230 firms with a market capitalization of at least US$100 million and short interest of 15 per cent or more, according to S3 Partners data compiled by Bloomberg. jumped as much as 2,500 per cent in January after day traders noticed its short interest had ballooned to record levels. While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike.
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