A big worry is that this has become a short-squeeze revolt. Short-sellers were down $91 billion for the month through yesterday, according to data from S3. (Such investors have lost $5 billion on GameStop alone.) While much of that was because of the overall rise in stocks, shares in other heavily shorted companies, like the headphone maker Koss, are up big. “I believe there is a systemic targeting of highly shorted stocks,” said Steve Sosnick of Interactive Brokers.Is there something else at play? Commentators are split: Matt Levine of Bloomberg Opinion reckons that this might all be a game to participants, …
