If Guangda keeps his short bet, it could lead to continued high volatility in the commodity, which initially spiked amid Russia's invasion of Ukraine.
The goal of the project is to "capture the moments in time when GameStop was all anyone was thinking about."
Large short positions will likely need to be closed before January, which is when Kolanovic expects a rally in small-cap, value and cyclical stocks.
"One year ago today GME closed at $13.90. Today GME closed at $213.90," one Redditor said of the GameStop ticker, getting more than 12,000 upvotes.
Securities lenders would have to report material information on loans within 15 minutes of the transaction.
The retailer said it would offer an extensive range of its home and baby products through Kroger's online marketplace.
With the car rental firm gaining more than $25 billion in market value on Tuesday, the shorts have lost billions of dollars.
"It was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock," the SEC said.
Trading in Koss stock was briefly halted Tuesday evening amid price volatility.
The stock has a 34% short-interest rate with less than two days to cover, Fintel.io data show.
The oil-and-gas company is "in the middle of a death spiral," Kerrisdale Capital wrote in its report.
Short interest in the oil and gas company surged 300% in September, according to Fintel.io data.
Lily Francus of Moody's Analytics discussed short squeezes, how to trade meme stocks safely, and why young people are gambling on speculative assets.
Ihor Dusaniwsky of S3 Partners says a short squeeze on either Vinco Ventures or Support.com won't have a huge impact on their stock prices.
"The meme stock phenomenon is here to stay," Matthew Tuttle told Insider. "It'll pause from time to time. The stocks will switch from time to time."
Insider shares advice from experts to help you spot meme stock surges driven by retail investors on social media and Reddit's Wall Street Bets.
Retail investors on social media cheered on the technical support software company, with many saying that the stock could be the beneficiary of a massive short squeeze.
Next Page »