Clover Health, Wendy's rally as WallStreetBets warns of short squeeze - InvestingChannel

Clover Health, Wendy’s rally as WallStreetBets warns of short squeeze

Shares of Clover Health Investments (CLOV) and Wendy’s (WEN) are soaring in premarket trading after Reddit’s WallStreetBets mentioned both companies as potential short squeeze targets. Short interest in Clover has been climbing this year to about 42% of the float with a short exposure of over $430M, Bloomberg notes, citing data from S3 Partners. Other meme stocks moving higher today are Naked Brand Group (NAKD), Sundial Growers (SNDL) and Workhorse Group (WKHS). Clover is up 36% to $16.26 in premarket trading while Wendy’s is up 22% to $27.91.

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