While risky, these penny stocks could join the short-squeeze list in the coming months
The short-squeeze trade has really taken off this year. GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) were some of the earliest stocks to benefit from these squeeze trades, but penny stocks weren’t far behind.
GameStop and AMC took short-sellers to the cleaners. These names, particularly GME stock, were circulating all over Reddit, as investors were clamoring on the r/WallStreetBets sub thread and elsewhere about the upside potential should they truly generate a squeeze.
It ultimately generated the mother of all short squeezes.
This article originally appeared at InvestorPlace.