A short squeeze might sound like Wall Street jargon, but it is pretty simple. When a lot of traders bet against a stock and it suddenly shoots up, they rush to buy it back to cut losses. That panic buying pushes the price even higher – sometimes in a very short time.
That’s where Allbirds (BIRD) came into picture. What started as a clean, eco-friendly shoe brand built on wool sneakers and Silicon Valley hype has had a rough ride since its 2021 IPO. Losses piled up, and the stock spent years sliding downhill.
