Rocket companies stock Skyrockets, S says the rally and short sell are reminiscent of another ‘meme’ stock



Rocket companies shares
+ 73.66%
On Tuesday afternoon the trade exploded at a very heavy volume of 74.4% bla, which is enough to speed up all the beneficiaries on the US main exchange and put it at a record close. Trading volume was 306.4 million shares, compared to the full-day average of about 13.0 million shares in the last 30 days. The real estate services company with brands including Rocket Mortgage and Rocket Homes did not immediately respond to a request for comment. The stock has led the most one-day gains since its release on August 6, 2020, while on August 6, it nearly tripled its previous record volume of 111.6 million shares. The stock has now risen 113.6% in the last three days, comparing its fourth quarter earnings to expectations and announcing a special dividend of 11 1.11 per share. S Analy Analytics said the recent rise in the stock (RKT) has resulted in “massive short-selling”, with 47.9 million shares or flo 45.8% public float rising with short interest. RKT’s share price and short selling activity are reminiscent of other recent high-flying ‘meme’ stocks – Gamestop Inc. GME,
-2.76%,
“The stock has risen 110.8% in the last three months, while the S&P 500 SPX,” said Ihor Dusaniewski, managing director of Forex Analytics at S3, in a note to clients.
-0.51%
Tucked in at 5..9%.

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