Last year, a number of epic short squeezes, most notably in AMC Entertainment Holdings, Inc (NYSE:AMC) and GameStop Corporation (NYSE:GME), thrust not only those stocks, but a number of retail traders into the spotlight, the latter of which would become known as ‘Apes.’
The Parabolic Runs: In two of the most legendary squeezes, GameStop skyrocketed 2,309% over 11 days in January 2021 and between May 24 and June 2 of that same year, AMC soared 496%. The short squeezes were attributed to the stocks’ underlying statistics: both GameStop and AMC had high levels of insider and institutional ownership or a high number of shares held short.
