Workhorse Group Stock Flies As Retail Traders Try To Squeeze Shorts
Workhorse Group Inc. (NASDAQ: WKHS) shares gapped higher Thursday after retail traders flooded into the stock trying to take advantage of the high short interest. The short float percentage in the stock is showing to be above 42%.
‘Postmaster General Louis DeJoy being investigated by FBI…’ -Washington Post
https://www.washingtonpost.com/national-security/louis-dejoy-fbi-investigation/2021/06/03/4e24e122-c3d3-11eb-93f5-ee9558eecf4b_story.html
46 Stocks Moving In Thursday’s Mid-Day Session
Gainers
GTT Communications, Inc. (NYSE: GTT) shares jumped 66% to $4.16 on abnormally-high volume. The company’s stock also jumped over 57% on Wednesday.
Mid-Morning Market Update: Markets Open Lower; JM Smucker Posts Upbeat Q4 Profit
Following the market opening Thursday, the Dow traded down 0.28% to 34,502.44 while the NASDAQ fell 0.98% to 13,621.46. The S&P also fell, dropping 0.54% to 4,185.22.
Why Workhorse Stock Is Soaring Today
Workhorse Group Inc (NASDAQ: WKHS) is trading significantly higher Thursday morning as retail trader interest increases as a result of the stock's high short interest.
EV Stocks Workhorse, Lordstown Motors Ride The Short Squeeze Wave
Heavily-shorted electric vehicle stocks such as Workhorse Group Inc (NASDAQ: WKHS) and Lordstown Motors Corp (NASDAQ: RIDE) surged on Wednesday on a trading day that saw huge gains in retail-investor favorites.