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With improving advanced technology and access to zero-commission trading platforms, retail traders are expected to take more control of the market. They are betting on stocks that are heavily discussed on several social media platforms, such as Reddit, because of their high short interest. Benefiting from a short squeeze in these stocks is these investors’ primary goal.
VMware, Inc. (VMW), Continental Resources, Inc. (CLR), and Macy’s, Inc. (M) currently possess high short interest. While this indicates that institutional investors are bearish about them, they could get targeted by retail traders seeking to precipitate a short squeeze. So, we think it could be wise to scoop up these three stocks now.
